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
Tour of Faroe Islands The winner of stage 1, 2 and 3 of the 2015 tour was Torkil Veyhe, the winner of stage 4 was Dávur Magnussen, who also won the mountain jersey for stage 4 which was in Suðuroy. Torkil Veyhe won the 2015 Tour of Faroe Islands, it took him 12 hours 51 minutes to race the 460 km route, Guðmundur Joensen was runner-up and Bjarke Vodder Nielsen took bronze. Dávur Magnussen won the mountain-jersey. Tour of Faroe Islands The Tour of Faroe Islands () is a road cycling race held in the Faroe Islands. The race consists of a men's, women's