The Cyprus Tax Department informed that from 27 July 2020 the procedure for stamping documents, based on the value of the contract, changes. This relates only to initial contracts (and not supplementary contracts) of real estates rentals and leases, employment contracts, and sales and purchases contracts.
Special Tool for Stamp Fee Calculation
The Tax Department has created an online tool that allows the users to calculate the stamp duty. The tool is is available by clicking here.
- Stamp duty over Euro 100
Using the Special Tool for calculating the stamp duty, the user prints the resulting form that needs to be submitted to the District Tax Collection Offices for payment. The resulting receipt is then presented to the competent Tax Department Officer with the document to be stamped.
- Stamp duty up to Euro 100
Using the Special Tool for calculating the stamp duty, the user emails the resulting form to the email address which appears on the Special Tool. The user purchases the necessary stamps from an authorised dealer (NOT from the District Tax Offices) affix and cancels the stamps (double diagonal line on the stamp, initialled by the interested party and date of cancellation).
11 September 2020: Stamp Duty: Amended document stamping procedure
by: George Kallinicou