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
Music of the Faroe Islands released seven albums since their founding in 1998 and they perform worldwide. Tutl Records is the major record label of the Faroe Islands Music of the Faroe Islands Faroese music is primarily vocal, accompanied by the fiddle (which arrived in the 17th century) and European dances like the minuet and polka. During the twentieth century choirs have played an important role in the musical history of the Faroes, and some of the best known current choirs are Tarira, Havnarkórið, Tórshavnar Manskór, Ljómur, Fuglafjarðar Gentukór, and the choirs situated in Copenhagen: Húsakórið and Mpiri. Much of the imported music and instruments