M. Target Group would like to inform you that from 1 July 2026, all rental payments relating to immovable property in Cyprus must be made through traceable electronic payment methods.

This requirement is introduced under Article 48A of the Assessment and Collection of Taxes Law (N.4/1978) and applies to all rental payments for properties located in Cyprus.

Accepted payment methods include:
• Bank transfers
• Debit or credit card payments
• Other recognised electronic payment platforms

As a result, landlords will no longer be permitted to accept rent payments in cash from this date onwards.

What Landlords and Tenants Should Do

To ensure compliance with the new legislation, both landlords and tenants are encouraged to:
• Process all rent payments through approved electronic channels
• Refrain from using cash for rental transactions
• Review existing rental arrangements and payment practices to ensure they meet the new legal requirements

M. Target Group specialists remain at your disposal should you require any further information, clarification, or assistance with any tax-related matters.