STAMP DUTY IN THE TURKISH REPUBLIC OF NORTHERN CYPRUS
The Turkısh Republic of Northern Cyprus Stamp Duty Law has been changed by the decree approved by the Council of Ministers on the 27 th December 2018 which will be effective as from 1 st January 2019. Stamp Duty will be applicable in relation to documents which support any kind of agreement or transaction .The major areas that are subject to stamp duty are stated below:
| TL | Stamp Duty |
|---|---|
| 1. Receipt,Invoice,Payment Vouchers with amounts above TL81.- |
0.20 |
| 2.Balance Sheet | 41.00 |
| Profit and Loss Amount | 41.00 |
| Custom Declaration Form | 17.50 |
| Passport | 17.50 |
| Residence Permit | 17.50 |
| Work Permit | 17.50 |
| Changes to Passport | 41.00 |
| 3. Letter of Credit | 0.50% |
| 4. Letter of Guarantee | 0.50% |
| 5. Rental Agreements: Agreements up to TL 21,775,000 |
0.50% |
| Agrements above TL 21,775,000 | 0.01% |
| 6.Cheques (Banks) | 0.20 |
