Other Taxes - Stamp Duty

Stamp duty is payable on certain chargeable instruments executed in Cyprus or, if executed outside Cyprus, relating to any act to be performed in Cyprus. All chargeable instruments and the value of the stamp duty payable are set out in the First Schedule of the Stamp Law.

The payment of the duty may be made by means of revenue stamps affixed on the instruments or in cash at the Inland Revenue office, either on or before the date of execution or within 30 days thereafter. Fines are imposed depending on the amount of the duty and period of delay, e.g., if an amount of stamp duty exceeding C£10 is paid within six months a fine of C£10 plus 5 cents on each pound or part of a pound exceeding C£10 is payable. If the duty is paid after six months the fine is twice that stated above.