March 28, 2023 USTFA

Norway government lowers fish farm resource tax proposal to 35%

Norway’s government aims to levy a 35% resource tax rate on the profits of salmon and trout farmers, it said on Tuesday, down from an initial proposal of 40% which sharply hit fish farming stock prices when announced last year.

Aquaculture licenses awarded by the state give companies a chance to profit from public resources, and governments on the left and right have considered imposing extra taxes on the fish farming industry in recent years…

Read more

Skip to content