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
Flora of the Faroe Islands Flora of the Faroe Islands The flora of the Faroe Islands consists of over 400 different plant species. Most of the lowland area is grassland and some is heather mainly "Calluna vulgaris". The Faroese nature is characterized by the lack of trees, and resembles that of Connemara and Dingle in Ireland. Among the numerous herbaceous flora that occur in the Faroe Islands is the marsh thistle, "Cirsium palustre". There are no native forests in the Faroe Islands, and only a few woody plants occur. Findings of "Betula pubescens" trunks and branches in the soil, dated to c. 2300 BC, and