Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 172

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 172
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 to the general rules applicable to capital gains. The amount of capital gains or losses is equal to the difference between the shares’ acquisition value (plus any fees or taxes
incurred) and the transfer value, which is the listed value of the shares as of the transfer date or, if higher, the agreed transfer price, less any fees or taxes incurred.

Capital gains or losses arising from the transfer of shares held by a Spanish shareholder are included in such Spanish savings taxable base at
the applicable rate (currently varying from 19% to 28%).

Capital gains arising from the transfer of shares are not subject to withholding
tax on account of PIT. Losses arising from the transfer of ordinary shares admitted to trading on certain official stock exchanges will not be treated as capital losses if ordinary shares of the same kind have been acquired during the period between
two months before and two months after the date of the transfer which originated the loss. In these cases, the capital losses are included in the taxable base upon the transfer of the remaining ordinary shares by the taxpayer.

Wealth Tax

Individuals
with tax residency in Spain are currently subject to Wealth Tax to the extent that their net worth exceeds €700,000, without prejudice to any exemption which may apply and the laws and regulations in force in each Autonomous Region, at the
applicable rates, ranging between 0.2% and 3.5%, on the value of the relevant securities which they hold as at the end of each year.

As a
complement to Wealth Tax the Spanish government has introduced a solidarity Tax on Major fortunes that applies to Wealth of individuals in excess of €3,000,000 euros with rates from 1.7% to 3.5%. The amount of this tax can be reduced by the
effective amount of Wealth Tax paid. Although the tax was initially created only to apply in fiscal years 2023 and 2024, the application of the tax has been extended indefinitely, by virtue of Royal Decree-law
8/2023 of December 27.

Inheritance and Gift Tax

Individuals resident in Spain for tax purposes who acquire ownership or other rights over any relevant securities by inheritance, gift or
legacy will be subject to the Spanish Inheritance and Gift Tax in accordance with the applicable Spanish regional and State rules. The State’s effective tax rates currently range between 0% and 81.6%, depending on relevant factors.

Legal Entities with Tax Residency in Spain

Corporate Income Tax

Dividends from BBVA received by