The table below gives the amount of duty payable on certain documents. Any contracts relating to assets situated outside Cyprus or business matters that take place outside Cyprus are exempt from stamp duty. Transactions during reorganizations are also exempt.

NATURE OF DOCUMENT
Receipt – for sums over € 4 7 cents
Cheque 5 cents
Letter of credit € 2
Letter of guarantee € 4
Bill of exchange (payable within 3 days on demand or at sight) € 1
Contracts with a fixed amount
5.000
/ € 5.001 – € 170.000
/ over € 170.000
Maximum stamp duty payable on a contract is € 20.000

Contracts without a fix sum
Nil
1.5%
2%


€ 35
Customer declaration document € 18 – 35
Bill of lading € 4
Charter party € 18
Power of attorney
/ general
/ limited
€ 6
€ 2
Certified copy of contracts and documents € 2


Originally published 03 February 2021

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.