Faroe Islands | Taxes less subsidies on products (current LCU)
Taxes less subsidies on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Taxes less subsidies on products (current LCU)
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996900000 1998
1061600000 1999
1151300000 2000
1220400000 2001
1332000000 2002
1383100000 2003
1389600000 2004
1439300000 2005
1679400000 2006
1881800000 2007
1787200000 2008
1591800000 2009
1671600000 2010
1654500000 2011
1714200000 2012
1684300000 2013
1852900000 2014
1893000000 2015
2037800000 2016
2144400000 2017
2256900000 2018
2399000000 2019
2529500000 2020
2708100000 2021
2745600000 2022
Faroe Islands | Taxes less subsidies on products (current LCU)
Taxes less subsidies on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source