Rental payments in Cyprus must be conducted through traceable electronic means. 

A new provision has been introduced into the Assessment and Collection of Taxes Law, establishing a mandatory requirement for all rental payments relating to immovable property in Cyprus to be processed exclusively via electronic methods. 

Accepted payment channels include: 

• Bank transfers 

• Debit or credit card payments 

• Other approved electronic payment solutions 

As a result of this change, the use of cash for settling rental obligations will no longer be permitted from the end of June 2026. 

Practical Considerations 

Both tenants and landlords are advised to take steps to ensure full compliance with the new requirements. In particular, they should: 

• Transition all rent payments to approved electronic platforms 

• Discontinue any existing cash-based arrangements 

• Reassess current lease agreements and payment practices to align with the updated legislation 

This measure forms part of broader efforts to enhance transparency and improve tax compliance within the property rental sector.