As of 1 July, 2026, the payment of rent relating to immovable property in Cyprus must be made exclusively via bank transfer, or payment by debit or credit card, or any other recognised electronic means of payment, the Cyprus Tax Department has said.
The above obligation applies to all natural and legal persons, regardless of the amount of the rent and the type of use of the immovable property, a relevant press release added.
It stressed that any beneficiary of rent relating to immovable property in Cyprus should not accept the collection of such rent in any other manner than those specified above.
(Source: CNA)
