The Norwegian Prime Minister Jonas Gahr Støre and Minister of Finance Trygve Slagsvold Vedum revealed on Wednesday that there will be extra tax on the aquaculture industry.
The Norwegian Prime Minister Jonas Gahr Støre and Minister of Finance Trygve Slagsvold Vedum revealed on Wednesday that there will be extra tax on the aquaculture industry.

The Norwegian government will introduce a salmon tax

The government proposes to introduce land rent tax on aquaculture from 1 January 2023. The proposal is sent for consultation today. The government will return to the Storting with a bill after the consultation so that the rules can apply from 2023.

Publisert Sist oppdatert

This came to light when Prime Minister Jonas Gahr Støre (Ap) and Minister of Finance, Trygve Slagsvold Vedum (Sp), held a press conference on Wednesday morning.

- The proposal covers the production of salmon, trout and rainbow trout and means that the basic rent is taxed at an effective rate of 40 per cent. The rules are designed so that only the largest players will pay ground rent tax. This happens by giving a minimum deduction of between 4,000 and 5,000 tonnes, writes the government in a statement.

Furthermore, it is stated that a central part of the proposal is that local communities that make natural resources available must be guaranteed a share of the ground rent. The tax revenue is estimated at between NOK 3.65 and 3.8 billion, and the government plans for half to go to the municipal sector.