English

Bakkafrost: Changes in license tax on salmon farming in the Faroe Islands

Report this content

The Faroese Parliament has today passed a bill, which changes the farming license tax. The changes will take effect from 1 January 2016.

The passed bill stipulates that the license farming tax on taxable income changes from 4.5% to 0% and the license revenue tax changes from 0.5% to 4.5% calculated from Nasdaq price index.

For further information, please contact:

Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)

Gunnar Nielsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Subscribe