Salmon tax

AQUACULTURE

AQUACULTURE

The Aquaculture Stewardship Council (ASC) has warned that taxing ASC-certified salmon will have serious and unintended environmental consequences for Norway’s aquaculture industry.

3rd March 2025

ASC slams tax on eco-labelled salmon

3rd March 2025

AQUACULTURE

AQUACULTURE

The taxation of the Faroes’ salmon industry has been restructured, effective from 1 January 2025, following a broad political agreement stretching to 2032, producer Bakkafrost has confirmed.

9th January 2025

Faroe Islands onboards new salmon farming tax

9th January 2025

ANALYSIS

ANALYSIS

With demand softening and El Niño driving up fishmeal prices, the second-half of 2023 is expected to be the most challenging period for global aquaculture since the peak of the Covid pandemic…

31st July 2023

Falling demand and El Niño to challenge global aquaculture

31st July 2023

AQUACULTURE

AQUACULTURE

The government of Norway has had its resource rent tax on aquaculture passed by the country’s parliament (Storting), but the controversial proposal’s rate of 35% was lowered to 25%.

30th May 2023

Norwegian salmon farming tax agreed at 25%

30th May 2023

NEW HORIZONS

NEW HORIZONS

As a food, farmed Atlantic salmon is a special fish. Highly-prized across traditional and new seafood markets, the unwavering growth in consumer demand for salmon has shown little sign of flagging. Its…

22nd May 2023

Striving to stay in the fast lane

22nd May 2023

AQUACULTURE

AQUACULTURE

The new revenue tax for the Faroe Islands’ salmon farming industry proposed by the recently-elected government has been passed by parliament.

18th May 2023

Faroes parliament okays increased salmon tax

18th May 2023

AQUACULTURE

AQUACULTURE

A bill proposing a resource rent tax on Norwegian aquaculture has been presented by government to parliament (Stortinget) for approval. The government’s new proposal remains similar to its initial proposition made in…

28th March 2023

Norway changes salmon farming tax proposal

28th March 2023

AQUACULTURE

AQUACULTURE

The recently-elected Faroese government has issued a proposal to adjust the revenue tax for the salmon farming industry, effective from 1 August 2023 if passed as is by parliament. 

13th March 2023

Faroes looks to raise salmon farming tax

13th March 2023

AQUACULTURE

AQUACULTURE

Lerøy Seafood Group has enjoyed a record 2022 with revenues of NOK26.6 billion (€2.4 billion) thanks to high prices and strong demand for seafood.

22nd February 2023

High demand boosts Lerøy

22nd February 2023