Faroe Islands proposes aquaculture tax changes

A Bakkafrost salmon farm in the Faroe Islands.

The Faroese government has presented a proposal to its parliament that seeks to adjust the archipelago’s revenue tax on the salmon-farming industry beginning in 2023.

Its proposal includes three key revisions to the current revenue tax system, which was originally introduced in 2014.

In a filing with the Oslo Børs, Faroese salmon producer Bakkafrost stated that the planned changes are ... 

Photo courtesy of Bakkafrost

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