Salmon

'Better than Norway's tax proposal': Faroese Government proposes hefty salmon tax increase

The new tax would be effective from Aug. 1, 2023 if passed by the Faroese parliament.

Bakkafrost is the leading salmon producer in the Faroes Islands, followed by Hiddenfjord and Mowi. The three companies account for about 70 percent of the market. Bakkafrost CEO Regin Jacobsen is pictured above.
Bakkafrost is the leading salmon producer in the Faroes Islands, followed by Hiddenfjord and Mowi. The three companies account for about 70 percent of the market. Bakkafrost CEO Regin Jacobsen is pictured above.Photo: Anders Furuset
Published 10 March 2023, 10:30Updated 13 March 2023, 09:49
BakkafrostHiddenfjordMowiFaroe IslandsTax