Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 299

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 299
---
isiones, or IMIC). This tax, which is direct and progressive, is levied on the net interest and commission income arising from the activity in Spain of credit institutions, financial credit establishments and branches of foreign credit institutions obtained, respectively, in the tax periods beginning in the years 2024, 2025 and 2026. In terms of the tax rate, this is established on a scale which, after reducing the tax base by 100 million euros, includes five brackets: 1%, 3.5%, 4.8%, 6% and 7% (maximum rate applicable to the taxable base above 5 billion euros). From the total amount resulting from the above scale, 25% of net corporation tax for the same tax period will be deducted, thereby obtaining the net tax payable, to which an extraordinary deduction will be applied, indexed to the taxpayer’s total Return on Assets (ROA), where this is below 0.7%. On 25 December 2024, Royal Decree-Law9/2024 of 23 December came into force, modifying the tax accrual date, which had initially been established as the day following the end of the tax period, and setting it as the last calendar day of the month following the end of said tax period (31 January 2025 in the case of the Bank’s IMIC for 2024), although said Royal Decree-Lawwas repealed by agreement of the Congress of Deputies on 22 January 2025. In accordance with the provisions of Order HAC/532/2025 of 26 May, approving the self-assessment forms and payment of tax by instalments, in June 2025 the Bank paid the instalment corresponding to IMIC for the 2024 financial year in the amount of 54 million euros, recognising this as an asset in the consolidated balance sheet, taking into account the fact that the repeal of the aforesaid Royal Decree-Lawaffects the accrual of IMIC for that financial year. On the other hand, as at 30 June 2025, the Group had recorded an expense of 62 million euros under the heading “Tax expense or (-) income related to profit or loss from continuing operations” in the consolidated income statement, corresponding to IMIC for the first half of 2025. A-62

Note 33 – Related-party transactions In accordance with the provisions of Chapter VII bis. Related Party Transactions of the Capital Companies Act, introduced by Law