Stamp Duty Abolished in Cyprus from 1 January 2026
As part of a major tax reform approved by the Cyprus House of Representatives and enacted under Law 239(I)/2025, stamp duty on contracts (including property sale contracts) has been completely abolished with effect from 1 January 2026.
📍 What Changed
Stamp duty was previously a tax applied to certain written legal documents — including contracts related to the sale or transfer of immovable property — and was calculated based on the value of the transaction.
From 1 January 2026 onwards:
- The Stamp Duty Laws of 1963–2025 have been repealed, meaning no stamp duty is payable on contracts drawn up and signed on or after this date.
- This includes sale and purchase contracts for real estate, saving buyers and sellers this previously mandatory tax.
- There are no calculations, stamping procedures, or fees required anymore on eligible contracts.
📅 Transitional Rules
- Contracts signed on or before 31 December 2025 remain subject to the old stamp duty regime and must be stamped according to the rules that applied at that time.
- Licensed agents may continue to sell unused physical stamps solely for contracts that still fall under the previous law during the transition period.
📈 Why This Matters
The abolition of stamp duty:
Encourages greater market activity and investment by streamlining legal processes.
Reduces transaction costs for buyers and sellers.
Simplifies property transactions by removing the administrative formalities previously required.
