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
Religion in the Faroe Islands is nowadays more widespread and intense among the Faroese. The Faroe Islands became Christianized between 850 and 1000. Evidence exists for conversions by Celtic Christian missionaries as early as 850, but the Catholic Church was not established on the islands by the latter year. The "Færeyinga saga" is often cited with respect to the early spread of Christendom in the islands. The saga states that the king of Norway told Sigmund to go by ship to the Faroe Islands with orders from the King. Sigmund's orders were clear: he was supposed to make the 18 small islands Christian, which is