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
Faroe Islands at the Paralympics bronze. Their most successful appearance was at the 1988 Games, where they won seven medals and Christina Naess won the Faroe Islands' first and only Paralympic gold medal, in the C3 100m backstroke in swimming. The Faroe Islands have only ever sent swimmers to the Paralympics, with the sole exception of Heini Festirstein, who competed in table tennis in 1992. Faroe Islands at the Paralympics The Faroe Islands first competed at the Summer Paralympic Games in 1984, and have competed in every edition of the Summer Paralympics since then. They have never participated in the Winter Paralympic Games. The Faroe