Fishing Tariff Postponed in Iceland Skip to content

Fishing Tariff Postponed in Iceland

The government agreed at a cabinet meeting yesterday to postpone the final due date for the first payment of a special tariff to be covered by fisheries companies from October 15 to December 1, according to an ordinance by the Ministry of Industry and Innovation.

fishingboats-hofn_psHöfn harbor in East Iceland. Photo by Páll Stefánsson.

According to the law on fishing tariffs, fisheries companies have the right to have the special fishing tariffs lowered due to interest costs following purchases of shares in fishing quota if certain conditions are fulfilled, Fréttablaðið reports.

The Federation of Icelandic Fishing Vessel Owners (LÍÚ) requested that the ministry postpone the due date of the first fishing tariff payment until it has been evaluated and the lowering of the tariff has been taken into account.

The government’s proposed changes to the fisheries control system have been highly controversial. In June, parliamentarians agreed to pass the bill on fishing tariffs but postpone the bill on amendments to the fisheries control system.

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