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
Education in the Faroe Islands and music schools. The structure of the Faroese educational system bears resemblances with its Danish counterpart. The main language of instruction up to the lower secondary school is Faroese, while Danish is the main language of instruction in upper secondary schools. Education in the Faroe Islands is administered and regulated by the Ministry of Education, Research and Culture (), with Rigmor Dam being the minister since 15 September 2015. The Ministry of Education, Research and Culture has the jurisdiction of educational responsibility in the Faroe Islands. Since the Faroe Islands is a constituent country of the Danish Realm, education in