Icelandic salmon farmers are poised to be the biggest beneficiaries of the Norwegian government’s plan to implement a new 40 percent tax on Norway's salmon producers, suggested industry leaders at the IntraFish Investor Forum in London on Thursday.
The proposed tax, which must still be approved by the Norwegian Parliament, is set to take effect beginning in the 2023 tax year and will be applied to farmers with production volumes above 4,000 or 5,000 metric tons.
"Icelanders are willing to do what it takes to develop industries,” said Asle Ronning, CEO of stock-listed Norwegian salmon farmer Masoval, noting that the production capacity for Iceland was at least 500,000 metric tons.
