Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 653

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 653
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 late-payment interest), as the sector-related matters subject to verification in previous proceedings are under dispute. In this respect, the corresponding disputes were filed on 22 December 2023. The tax clearance certificate is currently 
 pending release.                                                                                                                                                                                                                                |

| – | Withholdings, payments on account and tax on deposits of credit institutions: the total amount due comes to 
 0.6 million euros (of which 97 thousand euros correspond to late-payment interest).                         |

| 1 | Sabadell Digital, S.A.U., Sabadell Real Estate Development, S.L.U and Tenedora de Inversiones y Participaciones, S.L. |

A-513

Furthermore, the verification proceeding opened by the Mexican tax authorities (Servicio de Administración Tributaria, or SAT) in relation to the income tax (Impuesto Sobre la Renta, or ISR) corresponding to 2018 of the Mexican subsidiary Banco Sabadell, S.A., Institución de Banca Múltiple came to an end in June 2023, resulting in a reduction of the tax loss carry-forwards obtained during the year of approximately 10 million euros. As at 31 December 2023, the Group had arranged sufficient provisions to cover the matters raised during the tax inspections carried out. Ongoing disputes The main tax-relateddisputes that were ongoing as at 31 December 2023 are set out below:

| – | Appeal for judicial review before Spain’s National Court in relation to the rebuttal of the settlement of the                                                                                                                                 
 disputed VAT assessment for Banco Sabadell between 2008-2010 for an amount of tax due of 1,831 thousand euros (2,337 thousand euros in total including late-payment interest), after a tax clearance certificate was issued in execution of a 
 decision made by the Central Tax Appeal Board partially upholding the claim.                                                                                                                                                                  |

| – | 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, rectification requests were submitted in relation both to the advance payment of the temporary levy of credit institutions and financial credit establishments carried out in February 2023 (Model 798) and to the declaration of the payment made in