Amendment To Procedures For Payment Of Stamp Duty.

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the recent change in the procedure of attaching stamp duties based on their value.

As of the 27^th of July 2020, the procedure for affixing Stamp Duties changes based on their value, as indicated by the relevant announcement posted by the Tax Department. For the purposes of the new procedure, a new tool was published on the Tax Department's website called "Stamp Duty calculator" which can be found under the section Direct Taxation / Other Information / Stamp Duty Calculator.

The procedure for Stamp Duties that do NOT exceed 100 euros goes as follows:

• The interested party calculates the stamp duties using the aforementioned Calculator.