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
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