Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 169

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 169
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 non-Spanish resident Holders not acting through a permanent establishment in
Spain in respect of the Common Shares will be taxed under the rules provided by the Non-Resident Income Tax Law.

However, capital gains realized by a Holder will be exempt from Spanish Non-Residents Income Tax in
the following cases:

(i) If such Holder is a resident of another EU Member State, it will be exempt from Spanish Non-Residents Income Tax on capital gains, provided that (i) the Issuer’s assets do not mainly consist of, directly or indirectly, Spanish real estate, (ii) in the case of individual taxpayers the
seller has not maintained a direct or indirect holding of at least 25% of the Common Shares outstanding during the twelve months preceding the disposition of the latter, (iii) in the case of a
non-resident entity, the sale falls within the exemption provided for in Article 21 of Law 27/2014 (in general terms and among other requirements, where that entity’s ownership interest is at least 5%),
and (iv) the gain is not obtained through a country or territory statutorily defined as a non-cooperative jurisdiction (jurisdicción no cooperativa). This exemption shall also apply to
capital gains which have not been obtained through a permanent establishment in Spain by individuals and entities resident for tax purposes in Member States of the EEA (other than Spain), or permanent establishments of these resident in other Member
States of the EEA (other than Spain), provided that the requirements set forth in the Non-Resident Income Tax Law are met;

(ii) If the transfer of Common Shares in an official Spanish secondary stock market is made by any Holder who is resident in a country that
has entered into a DTT with Spain containing an exchange of information clause (including the Treaty), the gain obtained will be exempt from taxation in Spain. This exemption is not applicable to capital gains obtained through a country or territory
defined as a non-cooperative jurisdiction (jurisdicción no cooperativa) under applicable Spanish regulations; or

(iii) If such Holder benefits from a DTT that provides for taxation only in such non-Spanish resident
Holder’s country of residence.

In the event that a capital gain derived from the disposition of Common Shares is exempt from Spanish
Non-Residents Income Tax, such Holder will be obliged to file with the Spanish tax authorities the corresponding 210 tax Form evidencing its entitlement to the exemption and providing the Spanish tax
authorities with a certificate of