Thursday, April 25, 2024

Mowi’s lawsuit against ‘salmon tax’ dismissed

April 25, 2024 - Mowi’s lawsuit against Norwegian salmon production tax has been dismissed by Hordaland District Court, as per Norwegian news reports.


Mowi, world’s largest salmon farmer, sued the Norwegian government last year as they believe the law is in breach of the EEA rules and the four freedoms, including the free flow of capital.

"The district court has, in the state's view, came to the correct result that the lawsuit from Mowi must be dismissed," said Government Attorney Fredrik Sejersted, according to Norwegian newspaper E24.

The Sejersted added that Mowi will still be able to file a lawsuit at a later date when the company has received a concrete tax decision.

The new aquaculture tax plan, which came into effect on last year, makes its discretionary for salmon farmers to pay a basic rent tax of 25 percent on the profit from their sea-based farming activities, in addition to a 22 percent corporation tax. But this ground tax is applicable only to profits over NOK 70 million.

The deduction was introduced with a desire to protect the smaller players. In this way, the companies with the largest profits will pay the basic interest tax. At the same time, the deduction will also reduce the large companies' tax base.

In 2023 the company had a turnover of EUR 5.5 billion. 

The Aquaculturists

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