What Landlords & Tenants Must Know
As we move through 2026, understanding Cyprus Rent Payments 2026 is vital, as the real estate landscape in Cyprus is undergoing its most significant modernization in decades. At NCH Real Estate, we are committed to helping our community stay ahead of the latest national regulations while providing expert property consultancy across the island.
New Legal Requirements for Cyprus Rent Payments 2026
In accordance with the Cyprus Tax Reform 2026 (specifically the amendment to the Collection and Assessment of Taxes Law, Article 48A), the Cyprus Tax Department has introduced a mandatory shift in how rental transactions are processed.
From July 1, 2026, all rental payments exceeding €500 must be made exclusively through traceable electronic means. Consequently, cash payments above this threshold will no longer be legally recognized. This measure is part of a broader national effort to increase transparency and align the Cyprus property market with European financial standards.
Accepted Digital Payment Methods in Cyprus
To remain fully compliant with the new laws regarding Cyprus Rent Payments 2026, tenants must use one of the following “traceable” methods for any rent amount over €500:
- Direct Bank Transfers
- Standing Orders
- Debit or Credit Card payments
- Electronic Payment Apps
- Bank Cheques
Why the Shift from Cash to Digital Rent Matters
The transition away from “cash in hand” payments offers several critical protections. For example, digital transactions create a permanent receipt. Furthermore, for business owners, rent expenses are only tax-deductible if paid via traceable means. Additionally, this change modernizes the rental journey in districts like Nicosia, Limassol, Larnaca, Paphos and Famagusta.
Penalties for Non-Compliance
Crucially, the Cyprus Tax Department enforces strict penalties for those who ignore the new rules. Consequently, paying or accepting cash for rent over €500 may result in administrative fines. Therefore, we recommend immediate compliance to avoid the loss of legal recognition for your payments.
How to Prepare for the July 2026 Deadline
First, landlords should update their lease agreements to reflect these requirements. Second, tenants must ensure they have the correct bank details to set up standing orders. Most importantly, our team is here to help you navigate these Cyprus Rent Payments 2026 regulations.
MAZI. NCH Real Estate
