Economics
Resource Rent Tax
Norwegian: Grunnrenteskatt
The resource rent tax on aquaculture was introduced from 2023 and is a special tax on profits from salmon farming. The tax is modeled on the resource rent tax on hydropower and involves an effective tax rate of 25% on normal profits exceeding a basic allowance. Revenue is determined based on market price (norm price), not actual selling price. The tax has been controversial and has affected investment willingness in the industry.
Translations
- Norsk
- Grunnrenteskatt
- English
- Resource Rent Tax
- Espanol
- Impuesto de Renta de Recursos