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.

 

Goods imported to the Faroe Islands may be subject to customs duties. The charge varies with the classification of the goods.

Excise duties are levied on a variety of commodities, including alcoholic beverages, tobacco, tea, coffee, chocolate, confectionery and motor fuel.

 

 

Read more:

Customs and Tax Office