The tax will be structured as a cash-flow-tax with immediate deductions for investments that are only used during the sea phase.
The effective tax rate shall be set at 35 percent, i.e. lower than the 40 percent tax rate in the consultation proposal.
Deductions will be granted for investments made prior to 1 January 2023 through depreciation of remaining tax values.
No deductions will be granted for the value of fish farming licences, however a template deduction in revenue will be permitted for licences purchased at auction in 2018/2020 and allocated at fixed prices in 2020. The deduction is set at 40 percent of the actual remuneration paid to the central government divided over five years, and is a change to what was stated in the consultation proposal.
An independent price board will be established to determine the correct revenue. This board will be tasked with setting the market value when the fish are removed from the pen, and will apply for salmon, trout and rainbow trout from 2024. Regulations relating to the price board will be sent out for consultation. For 2023, the companies themselves will set the market values when fish are removed from the pen, and these will be used as a basis in the tax return in accordance with general self-reporting. The Government has moved away from the proposal of using norm prices based on Nasdaq prices.
Negative resource rent will be able to be carried forward with interest, and if activities cease the tax value of the negative resource rent will be disbursed. The Ministry will assess how a disbursement claim at cessation could potentially be mortgaged.
A standard deduction of NOK 70 million (€6.2 million/$6.7 million) shall ensure that only companies with significant profits will pay resource rent tax. The standard deduction outlined in the consultation memorandum was either NOK 54 million (€4.8 million/$5.2 million) or NOK 67.5 million (€6 million/$6.5 million).

Details of Norway's controversial salmon tax proposal are finally released