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Norway: Tax measures affecting seafood industry in 2025 budget proposal

Proposed increase in the production fee from NOK 0.935/kg to NOK 0.965/kg 

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October 11, 2024

The government on October 7, 2024, presented a proposal for the 2025 budget that contains tax measures affecting the seafood industry, including:

  • Increase in production fee from NOK 0.935/kg to NOK 0.965/kg
  • No adjustment to basic deduction for aquaculture
  • Funding of the standard price council advice

Read an October 2024 report (Norwegian) prepared by the KPMG member firm in Norway

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