Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 714

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 714
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 relates to the settlement of a deduction associated with technological innovation projects   
 following the change of criteria of Spain’s National Court (called the Audiencia Nacional, a division of the Supreme Court) announced in its ruling of 23 November 2022, a change of criteria that was applied in that Court’s subsequent 
 rulings and which is currently under appeal at the Supreme Court. In this respect, the corresponding disputes were filed on 28 December 2023. The tax clearance certificate is currently pending release.                                 |

| – | Value Added Tax: the total balance due comes to 9.5 million euros (of which 1.5 million euros correspond to                                                                                                                                     
 late-payment interest), as the sector-related matters subject to verification in previous proceedings are under dispute. In this respect, the corresponding disputes were filed on 22 December 2023. The tax clearance certificate is currently 
 pending release.                                                                                                                                                                                                                                |

| – | Withholdings, payments on account and tax on deposits of credit institutions: the total amount due comes to 
 0.6 million euros (of which 97 thousand euros correspond to late-payment interest).                         |

| 1 | Sabadell Digital, S.A.U., Sabadell Real Estate Development, S.L.U and Tenedora de Inversiones y Participaciones, S.L. |

A-513

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. Furthermore, the verification proceeding opened by the Mexican tax authorities (Servicio de Administración Tributaria, or SAT) in relation to the income tax (Impuesto Sobre la Renta, or ISR) corresponding to 2018 of the Mexican subsidiary Banco Sabadell, S.A., Institución de Banca Múltiple came to an end in June 2023, resulting in a reduction of the tax loss carry-forwards obtained during the year of approximately 10 million euros. As at 31 December 2023, the Group had arranged sufficient provisions to cover the matters raised during the tax inspections carried out. Ongoing disputes The main tax-relateddisputes that were ongoing as at 31 December 2023 are set out below:

| – | Appeal for judicial review before Spain’s National Court in relation to the rebuttal of the settlement of the                                                                                                                                 
 disputed VAT assessment for Banco Sabadell between 2008-2010 for an amount