Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 201

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 201
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 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 or Losses” below. Taxation of Capital Gains or Losses As a general rule, any capital gains derived from securities issued by Spanish tax resident companies (including the BBVA shares) are deemed to be a Spanish source of income and, therefore, taxable in Spain. For NRIT purposes, income obtained from the disposal of BBVA shares will be treated as capital gains. Capital gains obtained upon the transfer of BBVA shares by non-Spanishresidents for tax purposes will be subject to NRIT at a general 19% rate. Capital gains or losses will be calculated separately for each transaction, and it is not possible to offset losses against capital