Share this article

Reuters reported a few hours ago that the Norwegian Parliament has finally reached an agreement to impose a resource rent tax on aquaculture, the so-called “salmon tax.” As a result, and after several changes to the figure, the Center Party would impose a 25% tax.

The story that has been controversial since it was announced seems to be coming to an end. The Storting’s finance committee, originally scheduled to finalize the recommendations on the controversial aquaculture land lease tax on Tuesday, May 16, ultimately delayed the process due to extended negotiations between the political parties involved.

- Advertisement -

Thus, although not all the details are available, Norway Post published some of them:

  • The government actively reduced the effective tax rate from 35% to 25%.
  • They increased the valuation discount in wealth tax from 50% to 75%.
  • The host municipalities and counties are ensured a higher income from the Aquaculture Fund for 2023.
  • Moreover, they presented multiple request proposals aimed at enhancing the environmental profile and promoting technology development.

Furthermore, at the end of the communiqué, it is explicitly stated that this is a multi-party decision. Concretely, from the Patient Focus, the Center Party, the Labor Party, and the Liberal Party.

Everyone is eagerly awaiting to see how the process unfolds and how companies respond to this decision.

- Advertisement -

Share this article

Similar articles


Hot stories

TalentView: Ana Cerviño

Seaweed plays an important role in converting CO2. Another important...

After seven years without its star product in Asia, India and Chile reopen salmon exports

After months of efforts of the ProChile Trade Office in New Delhi and Aquachile, it has announced that the salmon export is reopening.

Kangamiut Seafood and Oceanpick bring barramundi to Europe

Kangamiut Seafood and Oceanpick join forces to bring ocean-farmed barramundi from Sri Lanka to European consumers.

Feed industry ready for Peru’s anchovy shortage

Anchovy season cancellation in Peru will affect global aquaculture through the feed industry, but Cargill, Skretting, and BioMar say they are ready to minimize the impact on their customers.