Runavík Paycheck Calculator
Salary Calculator
Enter your gross salary below and calculate your take-home pay after taxes and deductions.
📍Calculating for: Runavík, Faroe Islands
💰Currency: DKK•📊Rates updated regularly
Tax Information for Runavík
Location Details
- Country:
- Faroe Islands
- City:
- Runavík
- Currency:
- DKK
Tax Rates
- Income Tax:
- 22.0%
- Social Security:
- 8.0%
- Medicare:
- 1.5%
- Other Deductions:
- 1.2%
- Total Tax Rate:
- 32.7%
Note: Tax rates are approximate and for estimation purposes only. Actual tax calculations may vary based on individual circumstances, deductions, and current tax laws. Please consult a tax professional for precise calculations.
Local insight
What to expect in Runavík, Faroe Islands
Administrative center with government services
Data source
Faroe Islands Tax Authority
Last reviewed
2025-08-06
Scenario
DKK 50,000.00 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
Scenario
DKK 100,000.00 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
📍 Runavík City Information
Learn more about Runavík, Faroe Islands including population, timezone, economic level and other important data.
Population
Approximately 210,265 people
Current Time
04:11 (Faroe)
Economic Level
Tax Year
Data updated on 2025-08-06
🏙️ City Highlights
Administrative center with government services
Data Source: Faroe Islands Tax Authority | Description: Tax rates for Runavík including all standard Faroe Islands deductions
💡 Frequently Asked Questions
🎯 How accurate is this calculator?
Our calculator uses current tax rates for Runavík, Faroe Islands. While highly accurate for most situations, individual circumstances may vary.
📊 What deductions are included?
Income tax, social security, medicare (where applicable), and other standard deductions for Runavík, Faroe Islands.
📅 Annual vs Monthly calculations?
Switch between annual and monthly using the toggle. Results automatically adjust for your selected period.
🔒 Is my data secure?
All calculations are done locally in your browser. We don't store or track your salary information.