Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 503

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 503
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 bring into force the laws, regulations and administrative provisions necessary to comply with this Directive. As at 31 December 2023, Spain had not approved applicable legislation in this regard, the United Kingdom being
the only material region to have passed substantial legislation in relation to the OECD’s tax reform.

The amendments to IAS 12 introduce a
mandatory temporary exception to the accounting for deferred taxes arising from jurisdictions implementing the global tax rules to ensure consistency in the financial statements while easing into the implementation of the rules. This mandatory
exception has been applied by the Group. In addition, these amendments introduce disclosure requirements to help investors better understand the exposure to income taxes arising from the Pillar Two rules before the regulations in each jurisdiction
come into effect.

An analysis was carried out based on the information available and it is estimated that the impact on the Group of the
international tax reform will not be significant.

A-335

Standards and interpretations issued by the IASB not yet in force As at 31 December 2023, the most significant standards and interpretations that have been published by the IASB but which have not been applied when preparing these consolidated annual financial statements, either because their effective date is subsequent to the date thereof or because they have not yet been endorsed by the European Union, are as follows:

| Standards and Interpretations          |     | Title                                                     |     | Mandatory for years beginning: |
| Approved for application in the EU     |     |                                                           |     |                                |
| Amendments to IFRS 16                  |     | Lease liabilities in sale and leaseback                   |     | 1 January 2024                 |
|                                        |     | transactions                                              |     |                                |
| Amendments to IAS 1                    |     | Presentation of financial statements:                     |     | 1 January 2024                 |
|                                        |     | - Classification of liabilities as current or non-current |     |                                |
|                                        |     | - Non-current liabilities with covenants                  |     |                                |
| Not approved for application in the EU |     |                                                           |     |                                |
| Amendments to IAS 7 and IFRS 7         |     | Supplier finance arrangements                             |     | 1 January 2024                 |
| Amendments to IAS 21                   |     | Lack of exchangeability                                   |     | 1 January 2025                 |

The Group has carried out an assessment of the impacts resulting from these standards and decided not to exercise its option to adopt early, where