
Erik Staurset Andresen
Partner
Ålesund
Newsletter
Published:
The Norwegian government, with the support of the parties Venstre and Pasientfokus, have achieved a majority in the Norwegian Parliament for a resource rent tax on aquaculture with a tax rate of 25%. The final design of the tax differs in some respects from the original proposal put forward in the autumn of 2022, where an effective resource rent tax rate of 40% was proposed, see our previous article of 5 October 2022. The final design of the tax is based on the model presented by the Norwegian government in March, where an effective tax rate of 35% was proposed, see our previous article of 4 April 2023. The parties have agreed on the following:
On the basis of the current salmon price and exchange rate, the Norwegian government estimates that the aquaculture industry will contribute NOK 5.7 billion in resource rent tax in 2023, reduced from NOK 8 billion as estimated in the proposal from March.
It still remains to have key questions clarified, such as the independent price board, calculation of the tax base, deductions for costs, and in particular the historical costs for fish set in sea pens in 2021 and 2022.
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