Clarification on Norway's controversial aquaculture tax will be included in the country's next state budget which is due on Oct. 6., the country's fisheries ministers promised this week.

"We will clarify the tax in connection with the 2024 budget proposal," Norway's Fisheries Minister Bjornar Skjaeran told industry executives this week at a conference in Arendal in southern Norway.

Salmon Tax Agreement

The agreed salmon tax proposal is based on the model put forward by the government, with the following changes:

  • The effective tax rate is reduced from 35% to 25%.
  • The