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.

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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.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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