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 the abundance of "Corylus" pollen in deep layers, suggest that at least some local stands of birch and hazel trees were present in the Faroe Islands, prior to human settlement. Four species of willow are still present in the Faroe Islands: "Salix herbacea" is very common in the mountains, but the other three species: "Salix phylicifolia", "Salix lanata" and "Salix arctica" are only to be found in a few places, due to heavy grazing by animals. Only one evergreen, "Juniperus communis" (the prostrate form) grows naturally in the Faroe Islands, and small populations are spread throughout the islands, though for