No developments were reported
Making Dispute Resolution Mechanisms More Effective – Consolidated Information on Mutual Agreement Procedures 2023
OECD/G20 Base Erosion and Profit Shifting Project
Faroe Islands
Recent developments relating to MAP in Faroe Islands prior to 15 August 2023
Developments relating to MAP in the tax treaty network
Other developments relating to MAP
No developments were reported
Latest Action 14 Peer Review report
14 April 2022 - https://doi.org/10.1787/d91d70b1-en
Tax treaty network of Faroe Islands
11 treaties, applicable to 15 jurisdictions (covering all treaties signed, although not necessarily in force)
status of MLI: in force.
Table 1. State of play of Faroe Islands's tax treaty network
Source: OECD
Faroe Islands's MAP programme
Organisation of competent authority function
one person, Head of Unit (working on other tasks as well)
contact persons for MAP requests:
o Ms. Rúna F. Guttesen Director, Head of Division, Competent Authority, Mutual Agreement Procedure, Legal department, TAKS/Faroese Tax Authority PO Box 2151, Skálatrøð 20, FO-110 Tórshavn, Faroe Islands by email to taks@taks.fo or runa@taks.fo.
Figure 1. Competent Authority Organisational Structure
Source: OECD
Table 2. Guidance on the MAP process
Overview of Faroe Islands's MAP Statistics for 2022
Please refer to https://www.oecd.org/tax/dispute/map-statistics-faroe-islands.pdf for details with respect to Faroe Islands's MAP Statistics.
Figure 2. Cases closed in 2022
Source: OECD
Figure 3. Evolution of Faroe Island's MAP caseload (2016-22)
Source: OECD
Table 3. Overview of Faroe Islands’ MAP caseload for 2022
Source: OECD
Table 4. Faroe Islands’ average time to resolve MAP cases in 2022
Source: OECD