Taxation in the Faroe Islands 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 a 14% deduction for fishermen. However, this is limited to 14% of DKK 470,000 corresponding to a maximum annual
Faroe Islands Football Association Faroe Islands Football Association The Faroe Islands Football Association (; ), or FSF, is the governing body of all domestic football in the Faroe Islands, the highest level of which is the Faroe Islands Premier League. It also runs the Faroe Islands national teams for men and women. Established in 1979, it is based in Tórshavn. Organized football has been played in the Faroes since late 19th century. The first Faroese national football league (Meistaradeildin) was held in 1942. From 1942 until 1978 all Faroese football was governed by ÍSF (the Faroese Sports Association). On 13 January 1979 the Faroese