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What is the stamp duty on Contracts in Cyprus?
What is the stamp duty?
It is a governement tax that is paid on all contracts and written agreements in Cyprus.
Paying stamp duty is not a precondition for the legality of an agreement but it is necessary where using the agreement or contract with government authorities like the Land Registry.
How is calculated?
Written stamp duty is calculated on the value of agreement at 0.15% for the amounts between €5,000 and €170,000, 0.2% is applied to any agreement with value over €170,000. The maximum stamp duty applied to an agreement is capped at €20,000 per stamp agreement.
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