Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 174

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 174
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 a non-tax deductible expense amounting to 5%. In practice, this means that capital gains obtained by CIT taxpayers would be taxed at an effective 1.25% rate (general 25% CIT rate on the 5% of the capital gains).

CIT payers are urged to consult their tax advisers regarding compliance of the requirements for application of the aforesaid participation
exemption.

Capital gains deriving from the disposal of the Common Shares will not be subject to withholding tax on account of CIT.

Wealth Tax

Legal
entities are not subject to Wealth Tax.

Inheritance and Gift Tax

Legal entities resident in Spain for tax purposes (and NRIT taxpayers acting through a permanent establishment in Spain, as described below)
which acquire ownership or other rights over the Common Shares by inheritance, gift or legacy are not subject to the Spanish Inheritance and Gift Tax.

The Spanish Financial Transactions Tax (“Spanish FTT”)

The Spanish law which implements the Spanish FTT was approved on October 7, 2020 (the “FTT Law”) and the FTT Law was
published in the Spanish Official Gazette (Boletín Oficial del Estado) on October 16, 2020. The Spanish FTT came into force three months after the publication of the FTT Law in the Spanish Official Gazette (that is, on
January 16, 2021).

Spanish FTT charges a 0.2% rate on specific acquisitions of listed shares issued by Spanish companies whose
market capitalization exceeds €1 billion on December 1 of the year prior to the acquisition, regardless of the jurisdiction of residence of the parties involved in the transaction.

The list of the Spanish companies with a market capitalization exceeding €1 billion at December 1 of each year will be
published on the Spanish tax authorities’ website before December 31 each year. For the purposes of transactions closed during 2024, the Spanish tax authorities issued a list of entities whose market capitalization exceeded
€1 billion as of December 1, 2023, that will fall within the scope of the Spanish FTT and the Issuer was included in such list. Therefore, onerous acquisitions of the Issuer’s shares carried out during 2024 would fall within the
scope of the Spanish FTT.

S-108

According to the criterion of the Spanish tax authorities, the Spanish FTT would not apply
in relation to the acquisition of the contingent convertible capital securities. Additionally, the conversion of the contingent convertible capital securities into ordinary