Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 195

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 195
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 As a general rule, dividends paid on BBVA shares to a Qualifying Shareholder will be subject to Spanish NRIT on the gross amount of the dividend, currently at a rate of 19%. Notwithstanding the above, the following exemptions or reduced rates may be applicable under Spanish tax law:

| • |     | U.S. Qualifying Shareholders may benefit from a 15% reduced rate of NRIT on the gross amount of the dividend,                                                                                                                                  
 subject to providing BBVA’s paying agent before the tenth day following the end of the month in which the dividends are distributable, with evidence of the tax residence of the Qualifying Shareholder by means of a valid certificate of tax 
 residence issued by the IRS stating that to their knowledge the Qualifying Shareholder is a tax resident subject to the United States-Spain Treaty (“Tax Treaty Certificates”). For Spanish tax purposes, such Tax Treaty Certificates are     
 generally valid for one year from the date the corresponding certificate is issued.                                                                                                                                                            |

| • |     | Qualifying Shareholders who do not provide the required documentation within the applicable time limits may                                                                                                                        
 alternatively be able to obtain a refund of the 4% difference between the domestic and the United States-Spain Treaty withholding tax rate by following the Standard Refund Procedure (as described below under “—Spanish Standard 
 Refund Procedure”).                                                                                                                                                                                                                |

| • |     | Qualifying Shareholders will not be required to file a Spanish tax return in respect of dividends received on the 
 BBVA shares from which NRIT is withheld as described in the preceding paragraphs.                                 |

Taxation of Share Premium Distribution Any amount received as a consequence of a share premium distribution by companies listed on a regulated market under the Directive 2004/39/EC of April 21, such as BBVA, should reduce the acquisition cost of the BBVA shares in respect of such share premium received. Any share premium in excess of the basis is treated as a dividend for NRIT purposes, being taxed as described above. 145

Taxation of Pre-EmptiveRights Distributions to a Qualifying Shareholder of pre-emptiverights to subscribe for new BBVA shares are not treated as income under NRIT. The exercise of such pre-emptiverights is not considered a taxable event under NRIT. The proceeds derived from a transfer of pre-emptiverights by a Qualifying Shareholder will be regarded as a capital gain and subject to Spanish NRIT in the manner described under “—Taxation of Capital Gains