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 do not show that virtue because of intolerance to the wind and the lack of summer heat. Lady's Mantle (Alchemilla mollis), first introduced as a garden plant, has become notoriously invasive and hard to get rid of. Though some few localities have met with success in combating it, it seems to spread further every year, eliciting fears that it might exterminate some of the local flora if drastic measures are not taken. 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