Understanding Stamp Duty Law In Cyprus: A Comprehensive Overview

Stamp duty is an important aspect of various transactions in Cyprus, thus businesses and individuals must navigate its provisions to ensure compliance with the applicable law. This publication aims to provide an overview of the current stamp duty framework in Cyprus, focusing on its applicability, important exceptions, calculation, timeframes and penalties.

Applicability of Stamp Duty

Stamp duty is governed by the Stamp Duty Law (19/1963), as amended from time to time (hereinafter the "Law"). The Law imposes stamp duty on documents specifically mentioned in its first schedule, irrespective of the place of execution of such documents, provided these documents relate to:

• assets located in Cyprus, or