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
Geography of the Faroe Islands of the lower areas of the island differs slightly. The climate of Sandur is typical for a low-lying coastal location in the south of the Faroe Islands, as the weather station for Sandur is located at 5 meters above sea level. On average, Sandur experiences 41 days of frost a year. Geography of the Faroe Islands The Faroe Islands are an island group consisting of eighteen islands between the Norwegian Sea and the North Atlantic, about half-way between Iceland and Norway. Its coordinates are . It is 1,393 square kilometres in area, and includes small lakes and rivers, but no