According to Article 5 of Consolidated Circular No. 21/VBHN-BTC dated 30 December 2021, there are seven cases where output VAT is not charged but input VAT is creditable. Depending on each case, the revenue must be declared as non-taxable revenue at Item 32A of Form 01/GTGT, specifically as follows:

1. Transfer of an investment project to an enterprise or cooperative for the purpose of producing or trading goods and services subject to VAT.

2. Enterprises or cooperatives applying the credit-invoice method that sell unprocessed agricultural products, livestock products, or aquatic products (not processed into other products or only preliminarily processed) to enterprises or cooperatives at the commercial stage.

3. Compensation and other financial income, including monetary compensation (including compensation for land and assets attached to land upon state land recovery), bonuses, subsidies, proceeds from emission rights certificates, and other financial income.

4. Purchase of services from foreign suppliers without a permanent establishment in Vietnam, including:

   • Repair of means of transport, machinery, and equipment (including materials and spare parts);

   • Advertising, marketing, investment and trade promotion;

   • Brokerage of goods and services provided abroad;

   • Training services;

   • International postal and telecommunications revenue sharing where services are performed overseas;

   • Leasing of transmission lines and satellite bandwidth from foreign suppliers.

5. Sale of assets by organizations or individuals that do not conduct business activities and are not VAT taxpayers.

6. Transfer of fixed assets currently in use and already depreciated, transferred at book value between:

   • A business establishment and its dependent units where one establishment owns 100% of the capital; or

   • Dependent units all owned 100% by one business establishment, for VAT-taxable production and business activities.

7. Other cases, including:

   • Capital contribution using assets to establish an enterprise; recovery from third parties in insurance activities.

   • Asset transfers between dependent accounting units; asset transfers during division, separation, merger, consolidation, or conversion of enterprise types.

   • Collections made on behalf of others that are not related to the sale of goods or provision of services.

   • Revenue from agency sales and commissions earned from:

     • Agencies selling services at fixed prices, such as postal services, telecommunications, lottery tickets, airline tickets, automobiles, railway and waterway tickets;

     • International transportation agencies;

     • Agencies providing aviation and maritime services subject to the 0% VAT rate;

     • Insurance agencies.

   • Agencies selling goods and services that are not subject to VAT.