Stamp Duty
Stamp duty is payable on all documents or contracts by which any right or liability is created, extinguished, transferred, limited, extended or recorded, BUT only to instruments related to Cyprus such as property situated here or services to be performed in Cyprus, irrespective of where the actual contract is executed.
The following rates apply in respect of stamp duty:
| Type of document | Duty |
| Letters of guarantee | €3,42 |
| Letter of credit | €1,71 |
| Receipts for amounts from € 3,42 – €34,17 | €0,03 |
| Receipts for amounts over €34,17 | €0,07 |
| Customs documents | €17,09 / €34,17 |
| Bills of lading | €3,42 |
| Bills of exchange (payable at sight on first demand or within 3 days from demand or sight) | €0,85 |
| Charterhire document | €17,09 |
| Charterhire document | €5,13 |
| Special power of attorney | €1,71 |
| Certified copies of contracts and documents | €1,71 |
| Will | €17,09 |
| Estate administration document | €8,54 |
| Contracts For amounts up to €170.860 For amounts over €170.860 |
0,15% 0,2% plus€ 256,29 (maximum duty€17.086) |
| Without fixed amount | €34,17 |
| Issue of tax residency certificate by Inland Revenue Department | €80,00 |
The following instruments are exempted from stamp duty
- Sale of goods
- Hiring of employees
- Receipt of money deposited with banks
- Transfers of securities listed on recognized stock exchanges
- Company debentures that are marketable securities
- Share warrants to bearer issued by a company
- Transfers of shares or debentures in a company
- Transactions involved in company restructures
