A new rental compliance requirement will apply in Cyprus as from 1 July 2026, affecting landlords, tenants, property managers and businesses leasing immovable property.

As from 1 July 2026, section 48A of the Assessment and Collection of Taxes Law, N.4/1978 (as amended) introduces an obligation for rent relating to immovable property situated in Cyprus to be paid through recognised electronic payment methods.

The obligation applies broadly to both natural and legal persons, irrespective of the amount of rent or the type of property, including residential, commercial and other leased premises.

This development is expected to strengthen transparency, traceability and proper documentation of rental transactions. It also means that landlords and tenants should review their existing payment arrangements and ensure that leases, standing instructions and accounting records are aligned with the new requirement before the effective date.

Landlords, tenants and businesses are advised to review their rental arrangements in good time and seek professional advice where necessary.

June 2026, Antis Triantafyllides & Sons LLC, Nicosia, Cyprus