“The Cyprus Stamp Duty Law (the “Law”) provides that stamp duty is payable on any document which concerns any property situated in the Republic of Cyprus or matters or things to be executed or done in the Republic of Cyprus, irrespective of the place of execution of the document. The Cyprus Stamp Duty Law has been amended by Law 173(I)/2012 and it is effective since 1st March 2013.
Rates:
|
Value Contract |
Stamp Duty (% per €) |
|
Up to €5,000 |
0% |
|
€5,000 – €170,000 |
0,15% |
|
Over €170,000 |
0,2% but capped at €20,000 |
If on an agreement or memorandum of agreement and all documents embodying any agreement there is no specific fixed value, then the stamp duty is €34.17. The stamp duty is payable at once.
