The ALS fee
ALS and unemployment benefits are financed by employers and employees through a fee, which is currently set at 1% of the A-income.
The following are required by law to pay the ALS fees:
- Employees who receive A-income (income taxed at source), reside in or are fully liable for tax in the Faroe Islands and are older than 16 and younger than 67
- Employers who pay A-income