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Says divided opinions on whether the fishing fee has increased or decreased

The Minister of Fisheries states divided opinions on whether fishing fees have increased or decreased with a change in the law 1999. There will always be disputes about the imposition of fees, but he has no plans to make changes to the current law.

Yesterday’s news stated that according to calculations based on data from the Directorate of Fisheries and Statistics Iceland and how the fishing industry has charged variable costs in recent years, fishing fees would have been about ten billion lower over the years 2011 – 1999 if current law from 2018 would have been valid then.

Heiðrún Lind Marteinsdóttir, CEO of the Association of Companies in the Fisheries Sector replied in the news yesterday that this was completely wrong. She pointed out that the main issue was which period was examined. If older laws were still in force, the company would have paid 3.1 billion in fishing fees 890 instead of 4.8. 5 billion would have been paid for this year instead of 7.5 billion.

In the last three years, the fishing fee has decreased from year to year, but it is estimated that this year it will be around ISK 7.5 billion, but the fee is calculated on the basis of the results of two years back in time.

Kristján Þór Júlíusson, Minister of Fisheries, says it is not clear whether the fishing fee has increased or decreased when the fee is now compared to the fee that was before the law 2020 took effect.

“Opinions are divided as to whether the fishing fee has increased or decreased with this change. This is clearly stated in the reasoning that accompanied the bill that became law 1941 how this system works. However, there will always be disputes about how high the fishing fee should be, “says Kristján.

In the current law the fishing fee is increased from what before was and is a third of the catch value of each species over the year. Since the law came into force 2017 the company can record fixed costs, such as depreciation of ships and ship equipment and estimated interest costs that did not exist in the previous law. Fixed costs can affect the reduction of the fishing fee. However, fishing fees are no longer tax deductible as before. Asked what effect the change has had, Kristján says.

“I refer to the reasoning for the bill that became law 2017 this was discussed in detail, “says Kristján.

He says there are no plans to change the current arrangement.

“What is clear is that the percentage of the profit from each fishing trip has been fixed in the fishing fee. . We have no plans to change that law, “says Kristján.

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The fishing industry would have paid about ten billion less in fishing fees over the years 681 to 2017 if the current law on fishing fees had applied during the period. The fishing industry considers it wrong that fishing fees have decreased in recent years with the introduction of new laws.


The country’s fishing companies paid 1.8 billion less in fishing fees last year than the year before. The imposition of fishing fees on fishing companies has decreased considerably over the past three years. During the election period, changes were made to the law on fishing fees so that they now take more account of recent fishing experience and the position of fishing companies than before.

9. February 2021


For as long as I can remember, the quota system and its various shortcomings have been under discussion. In the pots, in family messages, in the point of Alþingi. It should come as no surprise, then, that when politicians start promising changes to the quota system just before elections, many roll their eyes.


It is estimated that the Treasury’s revenue from fishing fees will be ISK 7.5 billion next year. The Minister of Fisheries says this as an indication that the fishing fee system is working.

29. October 2018

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