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 In the same nest, three youngsters could be black while one could be white-speckled. This colour variation was unique to the Faroe Islands, and maybe because of this, the demand from foreign collectors was big for these ravens. This might be a reason why it became extinct; the last white-speckled raven was seen on Nólsoy in 1949. The land mammals of Faroe have all been introduced, accidentally or deliberately by people. Although nine species of wild land mammal have been reported on the Faroe Islands, only three have survived and are thriving on the islands today: mountain hare ("Lepus timidus"),