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
Nordic House in the Faroe Islands fittings. All the exterior materials originated from the Faroe Islands or were produced on the Islands except for the glass and anodized aluminum facades, which are Danish. "Red. Kim Dirchinck-Holmfeld "et al." 1996. Færøsk arkitektur (Architecture on the Faroe Islands). Arkitektens forlag." Nordic House in the Faroe Islands The Nordic House () is the most important cultural institution in the Faroe Islands. Its aim is to support and promote Nordic and Faroese culture, locally and in the Nordic region Erlendur Patursson (1913-1986), Faroese member of the Nordic Council, brought forward the idea of a Nordic cultural house in the Faroe