Wage expenditure statistics include all wages paid by Faroese companies through the pay-as-you-earn (PAYE) tax system.
- Wage expenditures are subject to tax at source and are paid by companies based in the Faroe Islands.
- The statistics only cover wages for work done. Income from self-employment (B-income), remunerations, allowances from the unemployment insurance scheme and other payments such as grants and post-employment benefits are not included.
- All wage expenditures meeting the above requirements will be counted in regardless of the employee’s nationality.
- Employee’s region refers to the employee’s place of residence.
See also Wage expenditures.