Tax

PROCESSING & REFRIGERATION

PROCESSING & REFRIGERATION

Norwegian-headquartered farmed salmon group SalMar ASA has sent notice of layoffs to 851 employees at its processing facilities in Frøya and Senja, with the government’s proposed new salmon tax cited as the main reason for the “deeply regrettable” job cuts.

14th November 2022

SalMar lays off 851

14th November 2022

AQUACULTURE

AQUACULTURE

Following its announcement on 3 October that it would freeze investments in Norway if the country introduces a proposed 40% resource rent tax on aquaculture, salmon producer Cermaq has ended its NOK 134 million purchase of an additional 689 tonnes…

6th October 2022

Cermaq terminates permits

6th October 2022

AQUACULTURE

AQUACULTURE

Cermaq has announced it will freeze investments in Norway as a consequence of the country’s proposed resource rent tax.

4th October 2022

​Cermaq freezes investments

4th October 2022

AQUACULTURE

AQUACULTURE

Faroese government has presented a proposal that seeks to adjust its revenue tax on the salmon farming industry from next year. 

4th October 2022

Faroes to revise salmon tax

4th October 2022

AQUACULTURE

AQUACULTURE

The Government of Norway has proposed to introduce a new resource rent tax on aquaculture with effect from 1 January 2023.

29th September 2022

New salmon tax plans

29th September 2022