It began on 16 September 2006 with the first round and concluded on 12 May 2007 with the final which was held at GSP Stadium.
Anorthosis won their 10th Cypriot Cup trophy after beating Omonia 3–2 in the final.
In the first and in the second round each tie was played as a single leg and was held at the home ground of one of the two teams, according to the draw results.
If both teams had scored the same number of home and away goals, then extra time was following after the end of the second leg match.
If there weren't scored any goals during extra time, the qualifying team was determined by penalty shoot-out.
which finished first in the 2006 STOK promotion play-offs, participated in the Cypriot Cup.
In the group stage participated the eight winners of the fourth round ties.