Abolition of the Stamp Duty Laws as of 01/01/2026

According to the official announcement of the Tax Department dated 7/1/2026 (N. 239(I)/2025), the following are clarified:

New Documents: Any document drafted and signed after 01/01/2026 is no longer subject to stamp duty.
Pending Documents: Documents signed (even by one contracting party) by 31/12/2025 are normally subject to stamp duty, as defined in the Stamp Duty Laws of 1963 to 2025, and must be stamped based on the applicable procedures.

What This Means for You

No More Duty on New Contracts: Any document drafted and signed after January 1, 2026, is exempt.

Reduced Costs: Expect savings on property purchases and commercial agreements.

Simpler Process: Fewer bureaucratic hurdles and faster completion of transactions.

This reform is a major part of broader tax changes in Cyprus for 2026, aimed at modernization and improving the island's business environment.