Electronic Rent Payments To Become Mandatory In Cyprus From July 2026

The New Mandate

From 1 July 2026, all rent payments for property located in Cyprus must be made through electronic payment methods, according to an announcement by the Cyprus Tax Department. The requirement is set out in Article 48A of the Law on Tax Collection and Receipts (Law No. 4/1978).

Universal Compliance Requirements

Both individuals and legal entities will be subject to the new regulation, regardless of the amount of rent or the type of property involved. Accepted payment methods include bank transfers, debit cards, credit cards and other recognised electronic payment channels.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Enhancing Transparency And Efficiency

Under the new rules, rent payments will no longer be accepted through non-electronic methods. Implementation of the measure forms part of the broader transition toward electronic transactions in the property rental sector.

Preparing For A Digital Future

Property owners, tenants and businesses are expected to ensure that payment arrangements comply with the new requirements before the rules take effect on 1 July 2026. All qualifying rental payments made after that date must be made using electronic payment methods.

The Future Forbes Realty Global Properties

Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

Breaking news