The Faroe Islands, while part of the Kingdom of Denmark, operates independently of the EU VAT area. This unique status means businesses cannot rely on EU validation tools (VIES). Instead, they must navigate a distinct local tax system managed by TAKS (Faroese Tax Authority).
For international businesses, seafood importers, and digital service providers, compliance hinges on two specific identifiers: the P-tal (for individuals) and the V-tal (for businesses). Verifying these numbers is critical to managing the 25% VAT (MVG) liability correctly.
Introduction
The backbone of the Faroese fiscal infrastructure is TAKS. Unlike the unified EU system, the Faroe Islands maintains its own registries and tax rules. The local Value Added Tax is known as MVG (Meirvirðisgjald).
For global enterprises, the challenge is verifying the V-tal (Business ID) to clear customs or apply B2B tax rules, as there is no public, open API for global verification. This makes internal data validation (Syntax Check) your primary defense against costly errors.
