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 Fauna of the Faroe Islands The fauna of the Faroe Islands is characterized by the islands' remote location in the North Atlantic Ocean. There are few terrestrial species, but relatively many breeding seabirds and marine animals. Some sub-species and breeds are endemic. All land mammals were introduced by humans. The bird fauna of the Faroes is dominated by seabirds and birds attracted to open land like heather, probably due to the lack of woodland and other suited habitats. There are special Faroese races of eider, starling, wren, guillemot, and black guillemot. Puffins ("Fratercula arctica"), razorbills ("Alca torda"), and guillemots ("Uria