Taxation

Working in Europe | Taxation/salaries | Faroe Islands

The Faroese tax system is based around a set of direct and indirect taxes.

The tax system includes personal income taxes, value added taxes and special taxes and excise duties on various goods and services.

 

Residents in the Faroe Islands can apply for subsidies for certain types of private expenses.

Individuals who pay alimony or child support for more than one child are entitled to a subsidy of 40 per cent. Subsidy for child support is only given for the amount exceeding the pay for one child.

 

 

 

 

Read more:

Customs and Tax Office