Stamp Duty and Capital Duty
OTHER TAXES - STAMP DUTY AND CAPITAL DUTY
Stamp Duty
The following table gives the amount or rate of duty payable on certain documents. Transactions which fall within the scope of re-organisations are exempt from stamp duty. Also, documents relating to assets situated outside Cyprus or business affairs outside Cyprus are exempt from stamp duty.
| Document | Cost in € |
|---|---|
|
Receipts (if not exempt) – for sums of over €4 |
7 cents |
|
Cheques |
5 cents |
|
Letters of credit |
€2 |
|
Letters of guarantee |
€4 |
|
Bills of exchange (payable within three days, on
demand or at sight) |
€1 |
|
Contracts with a fixed amount – the first €5.000 – between €5.001 – to €170.000 – above €170.000 |
0 1.5% 2% |
|
Contracts without fixed sum |
€35 |
|
Customs declaration documents (depending on
document type) |
€18-€35 |
|
Bills of lading |
€4 |
|
Charterparty |
€18 |
|
Powers of attorney
-general -limited |
€6 €2 |
|
Certified copies of contracts and
documents |
€2 |
Capital Duty
Upon incorporation of a Cyprus company
|
Authorised share capital |
€105 |
|
Issued share capital |
No capital duty is payable if the shares are issued at their nominal value. There is a €20 flat duty if the shares are issued at a premium. |
Upon subsequent increases
|
Authorised share capital |
Nil |
|
Issued share capital |
€20 on every issue, whether the shares are issued at nominal value or a premium. |