Mandatory Payment of Rent by Electronic Means of Payment from 1 July 2026

The Tax Department reminds the public that, pursuant to Article 48A of the Assessment

and Collection of Taxes Law, Law No. 4/1978, as enacted within the framework of the tax

reform, from 1 July 2026, the payment of rents relating to immovable property located in

Cyprus shall be made exclusively through:

- bank transfer;

- payment by debit or credit card

-  or any other recognised electronic means of payment.

The above obligation applies to all natural and legal persons, regardless of the amount of

the rent and the type of use of the immovable property.

Every person entitled to receive rent relating to immovable property located in Cyprus

may not accept the collection of such rent in any manner other than the methods specified.