The rent payments regulation comes into force today, 1 July 2026, making it mandatory for all rental payments for immovable property in Cyprus to be carried out exclusively through electronic means, the Tax Department has reminded.
According to the Tax Department, the measure is provided for under Article 48A of the Assessment and Collection of Taxes Law (N.4/1978), introduced as part of the wider tax reform framework.
The regulation applies to all individuals and legal entities, regardless of the rental amount or the intended use of the property.
Approved payment methods
Under the new rules, rent must be paid only through:
- bank transfer
- debit or credit card
- any other recognised electronic payment method
Cash payments are no longer permitted under the updated framework.
Obligations for landlords and tenants
The Tax Department stresses that recipients of rental income must accept payments only via the prescribed electronic methods. Landlords are not allowed to request or receive rent through any alternative form of payment.
The measure aims to enhance transparency, improve tax compliance, and modernise payment systems in the property sector.
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