Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 175

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 175
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 shares falls within the Spanish FTT although it may be exempt of such tax if
it consists in a primary market transaction. However, the Spanish FTT would apply (at a fixed rate of 0.2%) to other financial transactions involving the Issuer’s shares, regardless of the jurisdiction of residence of the parties involved in
the transaction.

Prospective holders of the Preferred Securities are advised to seek their own professional advice in relation to the
FTT.

Spanish Direct Refund from Spanish Tax Authorities

Preferred Securities

In the case of Spanish tax-resident holders of Preferred Securities, the application for repayment of
any amounts withheld may be made in such holders’ Spanish income tax return filed in the year immediately following the year in which the relevant income is derived.

Non-Spanish tax-resident holders of Preferred Securities may
be entitled to claim repayment of any amounts withheld from the Spanish Treasury within four years following the last day on which the Issuer is obliged to pay any amounts withheld to the Spanish Treasury (which is generally the 20th calendar day of
the month immediately following the relevant payment date) by filing with the Spanish tax authorities by February of the year following that in which the amount was withheld (i) the relevant Spanish tax form; (ii) proof of ownership; and
(iii) a certificate of residency issued by the tax authorities of the country of tax residence of the relevant holder, among other documents.

For further details, prospective holders should consult their tax advisers.

Common Shares

Beneficial owners entitled to receive income payments in respect of the Common Shares at the reduced withholding tax rate contained in any
applicable DTT, but in respect of whom income payments have been made net of Spanish withholding tax at the general withholding tax rate, may apply directly to the Spanish tax authorities for any refund to which they may be entitled.

Beneficial owners may claim any excess amount withheld by the Issuer from the Spanish Treasury following the February 1of the calendar year following the year in which the relevant payment date takes place, and within the first four years following the last day on which the Issuer may pay any amount so withheld to the
Spanish Treasury (which is generally the 20th calendar day of the month immediately following the relevant payment date), by filing with the Spanish tax authorities (i) the relevant Spanish tax form, (ii) proof of beneficial ownership, and
(iii) a certificate of residence issued by the tax authorities of the country of tax residence of such beneficial owner, among other documents.

For further