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Norway Planning to Introduce Production Tax on the Aquaculture Industry

15 May 2020

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Proposed Changes

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Norway

The Norwegian government has announced plans for the introduction of a production tax on the aquaculture industry as part of the National Budget for 2021. --- Production tax on the aquaculture industry ensures stable and predictable revenues for the host municipalities Press release | Date: 12/05/2020 | No: 38/2020 The Government proposes to introduce a production tax on farmed salmon, trout and rainbow trout in the National Budget for 2021. The revenues from the production tax shall be split between regional and local governments. The split of revenues from sales of capacity increase is adjusted. The tax rate is suggested...