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Act on the taxation of halibut-fishing at sea (No. 11 of 2012).

Country/Territory
Greenland (Denmark)
Document type
Legislation
Date
2012
Source
FAO, FAOLEX
Subject
Fisheries
Keyword
Marine fisheries Marine fishes Tax/levy
Geographical area
Americas, Arctic, Atlantic Ocean Islands, European Union Countries, North America, North Atlantic
Entry into force notes
Entry into force on 1 January 2013.
Abstract

Companies and individuals who have quotas for deep-sea fishing for halibut shall be subject to taxation on their catch (DKK2.5 for each kg), which shall be paid on a quarterly-basis. National and non-national authorities which have not been granted allowable quota shall not be liable to taxation. Taxation shall be implemented at catch or at execution of its transfer to third party. Tax rate is adjusted commencing from the fourth quarter of 2013 (article 3, section 1). Exemption from taxation may apply to authorized to fish for exploratory purposes which are of significant biological or business nature.

Full text
Danish
Website
www.lovgivning.gl

References - Legislation

Amended by

Act amending Act on the taxation of halibut-fishing at sea (No. 10 of 2014).

Legislation | Greenland (Denmark) | 2014

Keyword: Marine fisheries, Marine fishes, Tax/levy

Source: FAO, FAOLEX

Act amending Act on the taxation of halibut-fishing at sea (No. 35 of 2015).

Legislation | Greenland (Denmark) | 2015

Keyword: Marine fisheries, Marine fishes, Tax/levy

Source: FAO, FAOLEX