Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 170

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 170
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 tax residence issued by the tax authorities of the country of residence, within the meaning of a DTT, if applicable.

S-105

Taxation of dividends

If the Common Shares form part of the assets of a permanent establishment in Spain of a person or legal entity who is not resident in Spain for
tax purposes, the tax rules applicable to income deriving from such ordinary shares are the same as those for legal entities with tax residency in Spain described below.

Ownership of the Common Shares by investors who are not resident for tax purposes in Spain will not in itself create the existence of a
permanent establishment in Spain.

Taxation of capital gains

If the Common Shares form part of the assets of a permanent establishment in Spain of a person or legal entity who is not resident in Spain for
tax purposes, the tax rules applicable to capital gains derived from such ordinary shares are the same as those for legal entities with tax residency in Spain described below.

Wealth Tax

Individuals
resident in a country with which Spain has entered into a DTT in relation to Wealth Tax would generally not be subject to such tax. Otherwise, non-Spanish resident individuals whose properties and rights
located in Spain, or that can be exercised within the Spanish territory, exceed €700,000 would be subject to Wealth Tax at the applicable rates, ranging between 0.2% and 3.5%, without prejudice to any reductions which may apply Therefore, such
individuals should take into account the value of the Common Shares which they hold as at December 31 in each year.

In accordance
with Additional Provision 4 of the Wealth Tax Law as amended by Law 11/2021 of July 9, non-resident taxpayers will be entitled to the application of specific regulations approved by the Autonomous
Community where the greater value of the assets and rights they own and for which the tax is required is located, can be exercised or must be fulfilled in Spanish territory.

As a complement to Wealth Tax the Spanish government has introduced a solidarity Tax on Major fortunes that applies to Wealth of individuals
in excess of €3,000,000 with rates from 1.7% to 3.5%. The amount of this tax can be reduced by the effective amount of Wealth Tax paid. Although the tax was initially created only to apply in fiscal years 2023 and 2024, the application of the
tax has been extended indefinitely, by virtue of Royal Decree-law 8/2023 of December 27.

Inheritance and Gift Tax

The