Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 44

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 44
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 a custodian, collection agent or similar person in relation to such securities in any jurisdiction may have tax implications. Investors should consult their own tax advisors in relation to the tax consequences for them of any such appointment. Introduction This information has been prepared in accordance with the following Spanish tax legislation in force at the date of this document:

| a) | of general application, First Additional Provision of Law 10/2014, of June 26, on organization,                                                                                                                                  
 supervision and solvency of credit institutions (“Law 10/2014”) and Royal Decree 1065/2007, of 27 July, approving the General Regulations of the tax inspection and management procedures and developing the common rules of the 
 procedures to apply taxes, as amended by Royal Decree 1145/2011, of July 29, 2011 (“Royal Decree 1065/2007”);                                                                                                                    |

| b) | for individuals resident for tax purposes in Spain who are subject to the Individual Income Tax                                                                                                                                 
 (“IIT”), Law 35/2006 of 28 November, on the IIT and on the Partial Amendment of the Corporate Income Tax Law, the Non-Residents Income Tax Law and the Net Wealth Tax Law, as amended, and Royal                                
 Decree 439/2007, of 30 March, promulgating the IIT Regulations, along with Law 19/1991, of 6 June, on Net Wealth Tax, as amended, Law 38/2022, of 27 December, for the establishment of temporary taxes on energy and on credit 
 institutions and financial credit establishments (the “Solidarity Tax Law”), and Law 29/1987, of 18 December on the Inheritance and Gift Tax;                                                                                   |

| c) | for legal entities resident for tax purposes in Spain which are subject to the Corporate Income Tax                       
 (“CIT”), Law 27/2014, of 27 November, on CIT and Royal Decree 634/2015, of 10 July, promulgating the CIT Regulations; and |

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| d) | for individuals and entities who are not resident for tax purposes in Spain that are subject to the Non-Resident Income Tax (“NRIT”), Royal Legislative Decree 5/2004, of 5 March, promulgating the Consolidated Text of the NRIT Law, as amended, and Royal Decree 1776/2004, of 30 July promulgating