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
Sandur, Faroe Islands In wintertime it is open Sundays from 14:00-16:00. The museum and the art works in it was a present from Sofus Olsen. It was built in 2005 and handed over to the municipality of Sandur in December 2005, on Mr. Olsen's 92 years birthday. Sandur is best known for its football club, B71 Sandoy, which has enjoyed modest success in both the Faroe Islands Premier League and UEFA. Sandur, Faroe Islands Sandur (meaning "sandy beach"; ) is a village on the south coast of the island of Sandoy in the Faroe Islands. The Sandur hoard, dating to the end of