Country Profile: Cyprus

Financial Transactions Tax (FTT): Yes – tax in place

Cyprus imposes stamp duty on written contracts relating to the purchase or sale of property or assets in Cyprus. Securities issued by Cypriot corporations, and agreements in relation to the sale of securities of Cypriot corporations, also fall within the scope of the duty. The stamp duty rate is: 0.15% on transactions with amounts from €5,001 to €170,00, 0.20% on transactions with amounts above €170,001. If no consideration is specified in the contract, a stamp duty of €35 is due. The maximum stamp duty payable on a contract is capped at € 20,000. An agreement for the sale of a security listed on a recognized stock exchange is exempt.

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