🇫🇴 Faroe Islands

Europe
0 residency programs
Residence-based taxation
Múlafossur, Gasádalur, Faroe Islands

Countries / Faroe Islands

Known for

Fact Sheet

Continent

Europe

Demonym

Faroese

Calling code

+298

Driving side

Right
Population
51,336
Life expectancy
82 years
Fertility rate
2.6

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (0)

  • No Double Taxation agreement listed yet.
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