University of Cyprus consisted of 486 undergraduate students. During the academic year 2010–2011, 4691 undergraduate students attended courses offered by the 21 departments. At the same time, there were 1549 postgraduate students. Based in the capital of Cyprus, Nicosia, teaching is mainly in Greek. The official languages are Greek and Turkish, but only a few Turkish speakers are registered. Since September 2005, the university credit point system is based on ECTS. Those eligible to participate in the entrance examination for the University of Cyprus are Cypriot citizens or those with at least one parent of Cypriot origin. Prospective students will have graduated from
Capital gains tax the international arena, such as the TPG case in Australia and Vodafone case in India. The capital gains tax in Croatia equals 12%. It was introduced in 2015. As determined by the Cyprus Capital Gains Tax Law, Capital gains tax in Cyprus arising from the sale or disposition of immovable property in Cyprus or the disposal of shares of companies which own immovable property in Cyprus and not listed in a recognised stock exchange. These gains are not added to other income but are taxed separately. Payment of immovable property tax is paid by both individuals and companies on property