Purpose
Form 1214 is filed by financial institutions (banks, brokers) reporting all withholding tax deducted from interest, dividends, and capital gains during the year. Standard withholding rates: interest 15%–25%, dividends 25%–30%, capital gains 25%.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.