Cyprus Rent Payments Must Be Made Electronically from 1 July 2026

The Cyprus Tax Department has confirmed that rent relating to immovable property in Cyprus must be paid exclusively through electronic means from 1 July 2026. The requirement is relevant to landlords, tenants, companies, property managers and advisers.

This article is a practical overview of the official announcement. The correct application should always be checked against the particular tenancy, property use, parties and payment history.

What has changed?

Under Article 48A of the Assessment and Collection of Taxes Law, as amended in the context of the 2026 tax reform, rent payments for immovable property in Cyprus must be made electronically.

The Tax Department identifies the following permitted methods:

• Bank transfer.

• Payment by debit or credit card.

• Another recognised electronic payment method.

Who is affected?

The official announcement states that the requirement applies to all natural and legal persons, regardless of the amount of rent or the type of use of the immovable property.

• Residential landlords and tenants.

• Commercial landlords and tenants.

• Companies paying or receiving rent.

• Property managers and agents handling rent payments.

• Owners receiving rent through an authorised representative.

What should landlords do?

• Update rent-payment instructions and tenancy templates.

• Provide reliable bank or electronic payment details to the tenant.

• Avoid accepting rent through non-electronic methods.

• Keep payment confirmations and a clear rent ledger.

• Review standing instructions for existing tenancies.

What should tenants do?

• Use the landlord’s confirmed electronic payment details.

• Keep bank, card or platform payment confirmations.

• Ask for written clarification before changing payment details.

• Raise any discrepancy between the tenancy agreement and the new payment requirement.

What should be checked in existing tenancy agreements?

• The rent amount and payment date.

• The correct payee and bank account.

• Whether an agent or property manager is authorised to collect rent.

• How payment evidence is retained.

• Whether the payment clause should be updated by written addendum.

Practical client checklist

• Identify every Cyprus property tenancy currently receiving or paying rent.

• Confirm the payment method used since 1 July 2026.

• Replace cash or other non-electronic arrangements with an accepted electronic method.

• Retain proof of each payment.

• Obtain advice where the tenancy, ownership or payment route is unusual.

Official source

Tax Department announcement: https://www.gov.cy/oikonomia/ypochreotiki-katavoli-enoikiou-me-ilektronika-mesa-pliromis-apo-tin-1i-iouliou-2026/

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How we can help

Our Cyprus property and tenancy lawyers can review a tenancy agreement, payment clause, rent-collection arrangement or proposed addendum and identify any practical compliance steps.

Contact Law Chambers Nicos Papacleovoulou LLC for a file-specific assessment.

Last reviewed: 6 August 2026. This article provides general information based on official Cyprus sources and is not a substitute for advice on a particular tenancy or tax position.

Frequently asked questions

Is cash rent still acceptable after 1 July 2026?

The official announcement requires electronic payment for rent relating to immovable property. Replace cash arrangements with a recognised electronic method and retain payment evidence.

Does the rule apply only to residential leases?

No. The official announcement describes the requirement as applying regardless of the amount of rent or the type of use of the immovable property, so commercial arrangements also require review.

What should a landlord do first?

Update the payment clause and instructions, provide confirmed electronic payment details, and keep a clear rent ledger with bank or platform confirmations.

What should a tenant keep?

Keep the transfer receipt, card confirmation or other electronic record for every payment, and ask for written clarification before changing payment details.