Salmon

Faroese parliament passes new law dramatically lifting top tax rates for salmon farming sector

Though the industry was able to get concessions on variable rates based on production costs, the top rates are double those in the first proposal last fall.

Bakkfrost CFO Hogni Dahl Jakobsen. The Faroese parliament passed a law dramatically lifting the top tax rate paid by salmon farmers.
Bakkfrost CFO Hogni Dahl Jakobsen. The Faroese parliament passed a law dramatically lifting the top tax rate paid by salmon farmers.Photo: Nina Unlay
Norway salmon farming taxFarmed salmonFaroe IslandsBakkafrostHiddenfjord
Published 17 May 2023, 19:10Updated 17 May 2023, 19:10