Taxation in the Faroe Islands to be no longer than 12 months. However, the first accounting year can vary from 6 to 18 months. Taxation in the Faroe Islands Taxation in the Faroe Islands has differed from the taxes in Denmark since home rule was granted in 1948. This gives the Faroe Islands control over their own taxes. All citizens of the Faroe Islands are subject to personal taxation. The government tax rate on incomes up to DKK 500,000 is 20%. Incomes higher than this pay a fixed amount, always resulting in a higher percentage. There are multiple tax deductions in the Faroes. This includes
Football in the Faroe Islands 5000 registered football players in the Faroe Islands. As follows: All Players 8,094, Registered players 5,694, Unregistered Players 2,400 and Officials 1,050. The media's coverage of football is also intense. A ten-team Faroe Islands first division, the Vodafonedeildin, flourishes despite a total population of just 46,000. The record attendance for a football match in the Faroe Islands is 6,642. It was set in 1998 when the Faroe Islands won 2-1 against Malta, at the Svangaskarð. English Football is also very popular in the Faroe Islands, many people with access to satellite television and the internet watch the Premier League. In