Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 153

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 153
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 the purposes of the United States-Spain Treaty, duly issued by the IRS evidencing its entitlement to the exemption. For Spanish tax purposes, such Tax Treaty Certificates are generally valid for one year from the date the certificate is issued. Spanish Standard Refund Procedure According to Spanish Regulations on NRIT, approved by Royal Decree 1776/2004, of July 20 and the Order dated December 17, 2010, a refund for the amount withheld in excess of the United States-Spain Treaty can be obtained from the relevant Spanish tax authorities. To pursue the refund claim, the Qualifying Shareholder is required to file:

| • |     | the applicable Spanish tax form (as of the date of this offer to exchange/prospectus, Form 210); |

| • |     | the certificate of tax residence issued by the IRS stating that, to their knowledge, the U.S. Qualifying 
 Shareholder is a tax resident of the United States within the meaning of the United States-Spain Treaty; |

| • |     | documentary evidence that NRIT was withheld with respect to such 
 non-Spanish tax resident shareholder; and                        |

| • |     | documentary evidence of the bank account in which the excess amount withheld should be paid. |

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For the purposes of this Spanish Standard Refund Procedure, a Qualifying Shareholder would
need to file a Form 210 (together with the corresponding documentation) from February 1 following the year in which the NRIT was withheld, and up to the four-year period after the end of the corresponding filing period in which BBVA reported
and paid such withholding taxes. The Spanish tax authorities may make the refund within the six months following the filing of the refund claim.

For further details, prospective Qualifying Shareholders should consult their tax advisors.

Wealth Tax

Unless an
applicable convention for the avoidance of double taxation on wealth taxes provides otherwise (and the United States-Spain Treaty does not so provide), individual Qualifying Shareholders whose properties and rights that are 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 BBVA shares they hold as of December 31 of the applicable year.

In accordance with Additional
Provision 4 of the Wealth Tax Law 19