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
National Museum of the Faroe Islands an outdoors museum with all the buildings and tools etc. which belonged to the farmhouse. The medieval pew ends from Saint Olav's church at Kirkjubøur (mentioned above) featured in three series of Faroese stamps, engraved by Czeslaw Slania. Faroese stamps 1980: Faroese stamps 1984: Faroese stamps 2001: National Museum of the Faroe Islands The National Museum of the Faroe Islands () is the national museum of the Faroe Islands, located in Tórshavn. The National Museum of the Faroe Islands has exhibitions in the museum building on Brekkutún 6 in Tórshavn. The galleries tell the natural and cultural history of the