Iceland’s Directorate of Fisheries has announced a significant increase in fees for sea-based aquaculture, with the levy set to rise by 19% from January 1, 2025.
The new rate will be ISK 45.03 ($0.32/€0.31) per kilogram of harvested salmon and ISK 22.52 ($0.16/€0.15) per kilogram of rainbow trout, according to a statement on the Directorate’s website.
Since the introduction of these fees in 2020, costs have surged dramatically. The levy on salmon has risen by 2,308%, while fees on rainbow trout have increased by 2,296% over the past four years.
The Directorate imposes the fee biannually, with payments required by August 15 for the January 1 to June 30 period and by February 15 for the July 1 to December 31 period.
Iceland’s aquaculture sector has experienced rapid growth, with significant investments in salmon farming operations in recent years.
