From July 1, 2026, all rent payments for immovable property in Cyprus must be made exclusively through electronic means, as per the Tax Department regulation.
The Employers and Industrialists Federation (OEB) has announced that, according to the Tax Department, the mandatory payment of rents related to immovable property within Cyprus will be implemented from July 1, 2026.
This obligation stems from article 48A of the Tax Assessment and Collection Law L.4/1978, introduced as part of the tax reform.
Under the new regulation, rent payments must be made through one of the following methods:
The regulation applies to all natural and legal persons, regardless of the amount of rent or the use of the property (professional, commercial, or other).
Beneficiaries of rent payments within Cyprus are not permitted to accept rent in any way other than the prescribed electronic methods.
OEB members involved in paying or collecting rents are advised to ensure their procedures comply with this legislative requirement.
For further information or clarifications, members can contact the OEB Business Development Department.
