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
Fauna of the Faroe Islands recorded in 2006; most likely a lost pet. Flies, moths, spiders, beetles, slugs, snails, earthworms and other small invertebrates are part of the indigenous fauna of the Faroe Islands. More recent introductions are the New Zealand flatworm, the Spanish slug, and the common wasp which all have become part of the natural fauna. Cockroaches, black garden ants, pharaoh ants and burgundy snails have also been found, but it is not clear if they have become part of the established fauna. Fauna of the Faroe Islands The fauna of the Faroe Islands is characterized by the islands' remote location in the