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)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998 996900000
1999 1061600000
2000 1151300000
2001 1220400000
2002 1332000000
2003 1383100000
2004 1389600000
2005 1439300000
2006 1679400000
2007 1881800000
2008 1787200000
2009 1591800000
2010 1671600000
2011 1654500000
2012 1714200000
2013 1684300000
2014 1852900000
2015 1893000000
2016 2037800000
2017 2144400000
2018 2256900000
2019 2399000000
2020 2529500000
2021 2708100000
2022 2745600000
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