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
Fauna of the Faroe Islands might start again on the islands at some point. Several species of whales live in the waters around the Faroe Islands. Best known are the long-finned pilot whales ("Globicephala melas"), but the more exotic killer whales ("Orcinus orca") sometimes visit the Faroese fjords, and this can lead to a somewhat dangerous encounter if you are in a small boat. Harbor porpoises are the most frequently sighted cetacea. They frequent the islands year round, though it seems to be in larger numbers around the northern islands than the rest of the country. Blue whales can sometimes appear during the months of