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: |
|
|
0.00% |
|
0,15% |
(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.