The Icelandic Fisheries Industry Association (SFS) is pushing back against a proposed bill it said would harm the nation’s fishing and seafood-processing industries.
The bill, which has been introduced to the nation's parliament as amendments to the Fishing Fee Act, aims to change the fee structures that Icelandic fishing companies pay to the government. The new bill proposes changes in recorded catch values for certain commercial stocks when calculating fishing fees.
“The aim of the bill is to ensure that the calculated catch value of certain commercial stocks better reflects the actual catch value and, thereby, fair resource fees for access to marine resources,” the bill intro states.
The bill also said that it assumes additional revenue earned from the new fees would be ISK 2 billion (USD 15.5 million, EUR 13.6 million) in 2025, increasing to ISK 3 billion (USD 23.2 million, EUR 20.5 million) in 2026 and then further to ISK 4 billion (USD 31 million, EUR 27 million) in additional revenue from 2027 onward.
The bill would base fees on ...
