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DT6951 | Double Taxation Relief Manual: Faroes: admissible taxes

From HM Revenue & Customs · Double Taxation Relief Manual

The following Faroes taxes are admissible for credit in the UK under the convention:

  • the national tax on income (landsskattur)

  • the municipal tax on income (kommunuskattur)

  • the tax on capital gains (kapitalvinningsskattur)

  • the tax on royalty (skattur av nýtslugjaldi)

  • the tax on revenue relating to hydrocarbon activities (skattur eftir kolvetnisskattalógini)

The following Faroes taxes are inadmissible for credit in the UK under the convention:

  • Labour Market Tax (AMEG Contributions)

  • Unemployment Insurance payments (ALS Fees)