Nordlaks, Norway's largest privately owned salmon company, is expecting its tax payments to increase by as much as threefold in the coming years as a result of the newly introduced ground rent tax on aquaculture in the country.

Nordlaks paid NOK 265 million (€23 million/$25.1 million) in taxes on ordinary income in 2022 and expects a two to threefold increase on this figure in the years to come, said Nordlaks CEO Eirik Welde.

There are still several uncertainties regarding the resource rent tax.