Stamp Duties

An individual is tax resident in Cyprus if he/she is physically present in Cyprus for an aggregate period exceeding 183 days in the tax year (1/1/XXXX – 31/12/XXXX). Tax resident individuals are liable to tax in Cyprus on their worldwide income whereas non-resident individuals are only liable to tax on income accruing or arising in Cyprus. There are certain types of income which are exempt for tax purposes and allowances/deductions that decrease your personal income tax. For further details on these issues, please do not hesitate to contact us.

The tax rates that apply to individuals are as follows:

Stamp Rates

Type of documentsAmount (€)
Receipt (if Not exempt)- for sum of over €47 cents
Cheques5 cents
Letters of credit€2
Letter of guarantee€4
Bills of exchange (payable within three days on demand or sight)€1
Bills of lading€4
Charter party€18
Power of attorney: 
– general€6
– limited€2
Certified copies of contracts and documents€2
Contracts with a fixed amount: 
– the first €5,0000
– between €5,001 -to €170.0001,50%
– above €170.00020%
 Contracts without a fixed sum€35
Customs declaration documents (depending on document type) €18-€35