Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 68

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 68
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 has entered into an effective exchange of tax information agreement with Spain, provided that such holders (i) do not obtain the income on the Notes through a permanent establishment in Spain or in a country or jurisdiction which is not a Member State of the EU or a Member State of the EEA which has entered into an effective exchange of tax information agreement with Spain and (ii) are not resident of, or are not located in, nor obtain income through, a non-cooperativejurisdiction for Spanish tax purposes (in the terms of the First Additional Provision of Law 36/2006, of 29 November, on prevention measures and actions against tax fraud, as amended through Law 11/2021, of 9 July, and of Order HFP/115/2023, of 9 February, and as amended, complemented and restated from time to time) or through a Member State of the EEA not having an S-41

effective exchange of tax information agreement with Spain in force; or (b) Spanish financial entities which comply with the requirements established in Article 61.c), or Spanish securitization funds which comply with the requirements established in Article 61.k), of the Corporate Income Tax Regulations approved by Royal Decree 634/2015, of 10 July 2015, or non-Spanishfinancial entities acting through a Spanish branch which comply with the requirements established in Article 8.1 of the Non-ResidentIncome Tax Regulations approved by Royal Decree 1776/2004, of 30 July 2004; or (c) resident for tax purposes of a country which has entered into a DTT with Spain which provides for an exemption from Spanish tax or a reduced withholding tax rate with respect to interest payable to any holder, who is fully entitled to the benefits of such DTT, provided that, in the case of holders referred to in sections (a) and (c), each holder delivers to the Issuer, as soon as reasonably practicable but before any payment is due or made (whichever comes first) a valid certificate of tax residence (or the specific form required under the relevant DTT, as applicable) duly issued by the competent tax authorities of its country of tax residence evidencing such holder as resident for tax purposes in that country and accrediting such holder as tax resident in the relevant jurisdiction within the meaning of the relevant DTT, issued not more than 12 months prior to the date on which the relevant amount is due or paid (whichever comes