Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 155

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 155
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 or registration tax is levied as a result of such subscription, acquisition or transfers of BBVA shares. Compliance In certain circumstances, the Spanish tax authorities can impose penalties for failure to comply with the Spanish tax requirements referred to for Taxation of Capital Gains or Losses and Inheritance and Gift Tax above. Such penalties may in certain cases be based on the amount of tax payable. Material U.S. Federal Income Tax Considerations for U.S. Holders The following are material U.S. federal income tax consequences to the U.S. Holders described below of (i) exchanging their Banco Sabadell shares for BBVA shares and cash described in “Dividend Payments” above pursuant to the terms of the exchange offer and (ii) the ownership and disposition of BBVA shares received by U.S. Holders pursuant to the exchange offer (or of BBVA ADSs that a U.S. Holder may own following an exchange of BBVA shares received in the exchange offer), but it does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a particular person’s decision to participate in the exchange offer. For the avoidance of doubt, BBVA ADSs are not being offered as consideration pursuant to the exchange offer. The discussion applies only to U.S. Holders that hold Banco Sabadell shares, and will hold BBVA shares or BBVA ADSs, as capital assets for U.S. federal income tax purposes. In addition, it does not describe all of the tax consequences that may be relevant in light of a U.S. Holder’s particular circumstances or tax consequences applicable to U.S. Holders subject to special rules, such as:

| • |     | financial institutions; |

| • |     | insurance companies; |

| • |     | dealers or electing traders in securities that use a mark-to-market method of tax accounting; |

| • |     | persons that hold Banco Sabadell shares, or that will hold BBVA shares or BBVA ADSs, as part of a 
 “straddle”, conversion transaction or integrated transaction;                                     |

| • |     | persons whose “functional currency” is not the U.S. dollar; |

| • |     | tax exempt entities, “individual retirement accounts” or “Roth IRAs”; |

| • |     | partnerships or other entities classified as partnerships for U.S. federal income tax purposes or partners 
 therein;                                                                                                   |

| • |     | persons that own or are deemed to own, by vote