Greece to mandate electronic rent payments from October 2026

Starting October 1, 2026, rent payments for both residential and commercial properties in Greece must be made exclusively through the banking system. This new regulation effectively ends the use of cash for rent, as cash payments will no longer be recognized for tax purposes.

For tenants, using electronic transfers is essential to maintain eligibility for state housing subsidies and benefits. Failure to comply with the banking requirement could result in the loss of financial assistance, with potential losses reaching up to 800 euros annually for some beneficiaries. The bank transaction serves as the official proof of payment and allows for the verification of amounts against declared lease agreements.

Property owners also face significant consequences for non-compliance. Those who continue to accept cash payments risk losing a 5% deduction on their gross rental income, facing increased likelihood of tax audits, and having payments not recognized by the tax authorities. The implementation date for this rule has been postponed twice, moving from January 1, 2026, to April 1, and finally to October 1, 2026, to allow more time for adjustment.