An amendment of the stamp duty law converted the amounts expressed therein from the old Cyprus currency (Cyprus pounds)to Euros. With effect from March 1st, 2013 the bands applicable for the assessment of stamp duty applicable to contracts are as follows:
- Up to 5.000Euros: Nil
- From 5.001-170.000 Euros: 0, 15%
- From 170.001 and above: 0, 20%
Further, the stamp duty payable on contracts has been capped to 20.000 Euros.