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
An Imaginary Trip to the Faroe Islands An Imaginary Trip to the Faroe Islands Carl Nielsen's rhapsody overture An Imaginary Trip to the Faroe Islands ("En Fantasirejse til Færøerne"), is a musical composition for orchestra. The Royal Danish Theatre in Copenhagen commissioned the piece for a gala concert celebrating a visit from the Faroe Islands. The composer conducted the premiere on 27 November 1927. In a letter to his wife dated 4 January 1927, Nielsen wrote: "Now over the next 8-10 days I have to write an overture to mark a big Faroese gala at the Royal Theatre supported by the State... I will use motifs from