Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 52

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 52
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 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 first). For the avoidance of doubt, if the certificate of tax residence refers to a specific tax period it will only deemed to be valid in relation with payments made during the referred tax period.

| 4.2 | Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad 
 de las Grandes Fortunas)                                                                           |

See “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—2. Legal Entities with Tax Residency in Spain— 2.2 Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad de las Grandes Fortunas)” and “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—3. Individuals and Legal Entities with no tax residency in Spain— 3.2 Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad de las Grandes Fortunas)” above or in the accompanying prospectus (when applicable). 5. Information about the debt securities in connection with payments See “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—5. Information about the debt securities in connection with payments”in the accompanying prospectus. 6. Indirect taxation The acquisition and any subsequent transfer of the debt securities will be exempt from indirect taxes in Spain, i.e., exempt from Transfer Tax, Stamp Duty and Value Added Tax, in accordance with Article 338 of Law 38/2022, of 27 December, of the Spanish Securities Markets and Investment Services ( Ley 6/2023, de 17 de marzo, de los Mercados de