Iceland is moving to increase the amount of resource rent paid by harvesting companies.
On June 19, the parliament voted to increase the resource rent from the current amount paid by the industry of ISK 4.5 billion (€28.4 million/$36 million) to a new maximum amount of ISK 12.7 billion (€80.2 million/$101.7 million) to ISK 13.8 billion (€87.1 million/$110.5 million).
“The resource rent is limited to one year and during this time a panel of expert will review the impact on the industry.
