Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 186

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 186
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 are, generally, the same as those previously set out for Spanish CIT taxpayers. See “— Legal Entities with Tax Residency in Spain—Corporate Income Tax( Impuesto sobre Sociedades)”. Ownership of the senior preferred notes, senior non-preferrednotes or subordinated notes by investors who are not resident for tax purposes in Spain will not in itself create the existence of a permanent establishment in Spain.

| (b) | Investors with no Tax Residency in Spain not acting through a permanent establishment in Spain |

Income obtained by holders who are not tax resident in Spain acting for these purposes without a permanent establishment within Spain is exempt from NRIT, provided certain requirements are met, including that the relevant paying agent provides BBVA, in a timely manner, with certain information. See “— Tax Reporting and Withholding Obligations of the Issuer”. Net Wealth Tax (Impuesto sobre el Patrimonio) and Tax on Large Fortunes (Impuesto Temporal de Solidaridad de las Grandes Fortunas) Individuals resident in a country with which Spain has entered into a DTT in relation to Wealth Tax (and the United States and Spain have not entered into such a DTT) would generally not be subject to such tax. Otherwise, 124

non-Spanish resident individuals with properties and rights located in Spain, or that can be exercised within the Spanish territory, in excess of
€700,000 would be subject to Wealth Tax at the applicable rates, ranging between 0.2% and 3.5%, without prejudice to any exemption which may apply, on the value of the relevant securities which they hold as at the end of the relevant fiscal
year.

In accordance with Additional Provision 4 of the Wealth Tax Law, as amended by Law 11/2021,
non-resident taxpayers will be entitled to the application of specific regulations approved by the Autonomous Region in which the greater value of the assets and rights they own are located and for which the
tax is required to be paid as a result of the assets or rights being located, exercisable or required to be fulfilled in Spanish territory.

Non-Spanish resident legal entities are not subject to Wealth Tax.

Spanish non-resident tax individuals are subject to Tax on Large Fortunes which imposes a tax on
property and rights in excess of €3,700,000 that are located in Spain. or can be exercised within the Spanish territory on the last day of the year.

However, to the extent that income derived from the relevant securities is exempt from Non-