KPMG's Taxation of Aquaculture 2020 report presents a country overview of taxation of aquaculture in the countries with the highest salmon farming production in the world.
Aquaculture is a fast-growing business and represents according to the Food and Agriculture Organization of the United Nations (FAO), approx. 50% of the global fish production that is used for food. It is expected that aquaculture shall continue growing in the future and increase its share of the total global fish production.
There are according to FAO approx. 580 aquatic species, which are currently farmed all over the world. Atlantic salmon probably has the highest level of industrialization of all farmed aquatic species. Salmon farming has been quite profitable over the past few years and there are several large players, some of which are listed companies, multinational companies or both. In addition, there is an increasing focus on the environmental consequences of aquaculture.
This report presents a brief country overview of taxation of aquaculture in 15 countries. The 2020 report has been expanded to also include information on aquaculture taxation in Japan, Spain and Greece.
KPMG is a leading advisor to the aquaculture industry, providing assistance through our global network. For detailed information, please do not hesitate to contact our global team of specialists on taxation of aquaculture. Details can be found in the contact list at the end of the report.
Please find the 2020 version of the report in the link below:
© 2021 KPMG AS and KPMG Law Advokatfirma AS, Norwegian limited liability companies and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.