58:58
next slide but here is one more point that I would like to note if
59:03
We have such a provision in our code if income is received from sources
59:09
states with preferential taxation, then the full cost of sales is subject to taxation. What are we talking about?
59:15
We are not talking about a broker who is registered in a state with preferential taxation because tax authorities
59:22
authorities issue incorrect letters, sometimes it is about the issuer, that is, who
59:28
is the issuer of the security if it is a company registered in
59:33
state We have a list of official states with preferential taxation, then theoretically you should highlight such
59:42
paper That is, knowing well the issuer where it is registered and having studied it, you must tax the full cost of the paper, that is
59:50
You cannot subtract the cost of sales; the cost of acquisition. That is, you
59:55
for example, bought for 100 and sold for 200 But since this is some kind of offshore I don’t know
1:00:01
the issuer company is registered in the Isle of Man, let's say so, let's say or
1:00:09
somewhere else geraniums or Jersey then the full cost of sale of such paper should be taxed
1:00:15
Here is some advice to keep track of this list but also try not to purchase securities of such issuers in
1:00:23
briefcase because our Tax Code does not let us say so it
1:00:29
not very good Still takes into account the specifics of the investor’s work
1:00:38
there are some operations, declaration and compilation of an investment portfolio
1:00:43
strategies, the Tax Code does not take into account many things, so here you just need to sort of understand what provisions there are
1:00:52
our tax code and try to avoid any risks
