TAX CERTIFICATION (7837Z)
21 Março 2012 - 8:56AM
UK Regulatory
TIDM49AF
RNS Number : 7837Z
BBVA International Pref S.A
21 March 2012
BBVA International Preferred, S.A. Unipersonal
CUSIP: 05530RAB4
Record Date: April 3, 2012
Payment Date: April 18, 2012
For the purposes of the next interest payment, please be advised
that on 1 August 2011, Royal Decree 1145/2011, of 29 July, came
into force. Such Royal Decree amends specific provisions of Royal
Decree 1065/2007. Among other articles, RD 1145/2011 modified
article 44 of RD 1065/2007, that sets out the reporting obligations
applicable to preference shares and debt instruments issued under
Additional Provision Two of Law 13/1985 (2nd AD).
The new procedures apply to income deriving from preference
shares and debt instruments to which the 2nd AD refers, including
debt instruments issued at a discount for a period equal to or less
than twelve months.
In the case of the above mentioned security which is originally
registered in a clearing system located outside of Spain, RD
1145/2011 eliminates the requirement of DTC participants to request
exemption from Spanish NRIT or from withholding on account of
Spanish CIT.
Therefore, income derived by all investors, from securities
originally registered with the entities that manage clearing
systems located outside of Spain, that are recognized by Spanish
law or by the law of another OECD country (such as DTC, Euroclear
or Clearstream), will be paid free of Spanish withholding tax
provided that the paying agent submits a statement in accordance
with the form attached as an annex to RD 1145/2011.
As there is some ambiguity as to the working practicalities with
regards to the issuer's information disclosure responsibilities as
a result of RD 1145/2011, BBVA, as the issuer, would like to appeal
to the good will of all DTC participants and request that they
continue to disclose beneficial owner information via the Acupay
System including a breakdown of all Spanish income taxpayers,
Spanish corporate taxpayers and non-resident taxpayers with
permanent establishments in Spain, until such time that BBVA 's
legal requirements as to information disclosure are clarified. This
precaution is to safeguard the interests of all parties
concerned.
NOTE: The deadline for making Acupay submissions is 8:00 p.m.
New York time on April 17, 2012. Acupay submissions will not be
processed until Acupay has received signed tax certificates.
Participants MUST send the:
-- Signed copy of the certificate(s) to certify@acupay.com or
fax at +1-646-383-9489 or +44-207-067-8453.
-- Original tax certificate(s) by 5:00 p.m. London time (12:00
noon New York time) on May 15, 2012 to: Acupay System LLC
Attn: Maria Mercedes
28 Throgmorton St - First Floor
London EC2N 2AN
United Kingdom
Please note this important noticeis for general information
purposes only and is not intended to be, nor shall it be deemed to,
constitute legal advice. Please be advised that Spanish financial
entities are currently under discussions with the Spanish tax
authorities in order to get further clarification on the scope of
the Royal Decree.
For any questions regarding this notice, please contact Acupay
System LLC, Rosa Lopez at +1-212-422-1222 or Maria Mercedes at
+44-207-382-0340 or by emailing info@acupay.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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