Tax Map · Crypto tax rankings

Crypto tax in Faroe Islands

Crypto in Faroe Islands is taxed as ordinary income.

Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
—

A relocating individual should assume cryptocurrency gains are taxed as part of ordinary income in the Faroe Islands, because the tax authority states that individuals are liable to pay tax on all income.

“All individuals living in the Faroe Islands are liable to pay tax on all income.” — TAKS (Faroe Islands Tax Authority)
Full Faroe Islands tax profile → How to move to Faroe Islands →

Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.