Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 521

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 521
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 Spain, 2020 and subsequent periods were open to review. The review of all taxes not verified and not required in accordance with the corresponding tax regulations is still pending for other Group entities that are not taxed within the consolidated tax group or the VAT group in Spain. Proceedings In January 2022, the State Agency for Tax Administration (Administración Estatal de Administración Tributaria, or AEAT) gave notice to Banco Sabadell, as the parent company of the consolidated tax group, of the commencement of verification and investigation proceedings in relation to the main taxes affecting the Group and three of its subsidiaries 5. Specifically, the items and periods listed below:

| – | Corporation Tax for the years 2015 to 2019. |

| – | Capital contribution associated with the conversion of deferred tax assets into credit eligible for the Spanish Tax 
 Authority (Capital Contribution) for the years 2016 to 2019.                                                        |

| – | Value Added Tax (VAT) for the years 2018 and 2019. |

| 5 | Sabadell Digital, S.A.U., Sabadell Real Estate Development, S.L.U., and Tenedora de Inversiones y Participaciones, S.L. |

A-284

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.

| – | Withholdings and payments on account (employment income, income from movable capital) for the years 2018 and 2019. |

| – | Tax on deposits of credit institutions (Impuesto sobre Depósitos de las Entidades de Crédito, 
 IDEC) for the years 2017 to 2019.                                                             |

Documents related to those proceedings were signed on 30 November 2023 and details of them can be found in Note 39 “Tax situation” of the consolidated annual financial statements for 2023. The proceedings were completed in 2024. At the end of the current year, matters in dispute and brought before the Central Tax Appeal Board (Tribunal Económico-administrativo Central, or TEAC) in relation to corporation tax (deduction for technological innovation) and VAT (sectoral issues), remain pending resolution, as explained in the following section (“Ongoing disputes”). In January 2024, Banco Sabadell, as the parent company of the consolidated tax group,