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Stamp Duty

On certain types of documents a duty needs to be paid to the Tax Authorities. The duties payable to the depending on the type of the documents are listed below:

Letters of guarantee

€4

Letter of credit

€2

Receipts (if not exempt) - for amounts over €4

€0,07

Customs documents

€18 - €35

Bills of lading

€4

Bills of exchange

(payable at sight on first demander within 3 days from demand or sight)

€1

Charter hire document

€18

General power of attorney

€6

Special power of attorney

€2

Certified copies of contracts and documents

€2

Estate administration document

€9

Contracts with a fixed amount:

 

  • For amounts up to €5.000

0.00%

  • For amounts between €5.001 - €170.000

0,15%

  • For amounts over €170.001

(capped at a maximum duty of €20.000 as from March 2013)

0,20%

Contracts without fixed amount

€35

Notes

  • Transactions which fall within the scope of reorganisations are exempt from stamp duty.
  • Documents relating to assets situated outside Cyprus or business affairs that take place outside Cyprus are exempt from stamp duty.

The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.

For further details on these issues, please do not hesitate to contact us.