Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 522

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 522
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 was notified of the commencement of verification and investigation proceedings in relation to the temporary levy on credit institutions and financial credit establishments, paid in 2023. A Statement of Disagreement, disputing the tax assessment, was signed on 30 September 2024, in response to the corresponding allegations submitted. As at year-end,the tax clearance certificate remains pending release. In addition, on 4 February 2025, the State Tax Agency (AEAT) gave notice of the commencement of verification and investigation proceedings in relation to Banco Sabadell, as parent company of the VAT group, in its capacity as legal representative of that group, and also in relation to three of its subsidiaries 6, in connection with VAT corresponding to the financial years 2021, 2022 and 2023. At the end of 2024, the Mexican tax authority (Servicio de Administración Tributaria, or SAT) gave notice to the subsidiaries Banco Sabadell, S.A. Institución de Banca Múltiple and SabCapital, S.A. de C.V. SOFOM E.R. of the commencement of verification proceedings in connection with income tax and value added tax corresponding to the year 2019, both processes of which are currently in the document submission phase. Ongoing disputes The main tax-relateddisputes that were ongoing as at 31 December 2024 are set out below:

| – | Administrative-financial claims brought before the TEAC in respect of corporation tax settlement agreements for the                                                                                                                        
 years 2015 to 2017 and 2018 to 2019, specifically related to the deduction for technological innovation, settled on the basis of application of the criterion established by Spain’s National Court (Audiencia Nacional, a division of the 
 Supreme Court) in its rulings of 23 November and 9 December 2022.                                                                                                                                                                          |

| – | Administrative-financial claim brought before the TEAC regarding the VAT settlement agreement for the years 2018 to 
 2019, in relation to certain sectoral issues.                                                                       |

| – | Appeal for judicial review before Spain’s National Court in relation to Order HFP/94/2023 of 2 February                                                                                                                               
 approving, among others, Model 797 “Temporary levy of credit institutions and financial credit establishments. Declaration of payment made” and Model 798 “Temporary levy of credit institutions and financial credit establishments. 
 Advance payment”.                                                                                                                                                                                                                     |

In addition, requests for rectification have been submitted in respect of