The cash you may no longer use

From next month, a category of ordinary, lawful payment between two consenting adults becomes illegal to settle in cash in Cyprus. That category is rent. The change is arriving with very little public debate, and almost none of it concerns the principle at stake.

The 2026 Tax Reform inserted Article 48A into the Collection and Assessment of Taxes Law (N.4/1978), with effect from July 1, 2026. The text leaves no room for interpretation. Article 48A(1) provides that rent in respect of immovable...