Norwegian Salmon Tax Reduced From 35% to 25%
A new agreement has lowered the resource rent tax on aquaculture in Norway to 25%. The tax rate was initially proposed at 40% before being lowered to 35% earlier this year.
“After a long process, we are now ensuring that the Storting [parliament] adopts the principle of ground rent in aquaculture,” Geir Pollestaf of the Centre Party said in a press release. “The parties to the agreement also secure a majority for a tax rate of 25% and an increase in the discount on the property tax value for farming concessions...
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