About US

Information about FILIPOV & PARTNERS

FILIPOV & PARTNERS is an economic group offering a unique mix of integrated professional services, which has become a symbol of high

professionalism, customer care and a guarantee of unreserved trust from the numerous clients who have approached us.

The economic group FILIPOV & PARTNERS is a specialized in the fields of:

Tax, accounting, legal and business consulting;

Tax defense and legal remedy at administrative and judicial level;

Independent financial audit;

Professional аccounting services;

Professional development and Training.

FILIPOV & PARTNERS began its activities in the field of

consultancy, tax and legal protection and professional training in the

first half of 2007 and for several years managed to significantly

increase its market share and the results achieved. During the

period 2008-2011, the range of professional services provided is

expanded with specialized accounting and auditing services. In

2013-2014 the company started the co-organizing of the National

Expert Tax Conference and the organization of its annual

professional trainings.

Along with this business activity, we regularly publish professional

comments and developments in the most reputable specialized

journals for finance and law, participate and lead academic lectures.

FILIPOV & PARTNERS is certified according to international ISO

standards in the field of information security of customers and company

data, documents, information and know-how related to tax, accounting,

legal and business consulting, tax and legal defence and accounting

services and management systems in the scope of tax, accounting, legal

and business consulting, tax and legal defence and accounting services.

The financial group FILIPOV & PARTNERS seeks to build and maintain

long-term partnerships with you – our clients, by relying on and offering

professionalism, creativity, understanding, ethics, mutual trust in the

provision of first-rate professional services.

Why US

WE, FILIPOV & PARTNERS, offer to each of our current and future

clients, integrated, thorough and professional service, providing an

individual, unique approach that is oriented to maximum performance

and is based on quality, speed, experience and confidentiality in

fulfilling the commitments.

The symbiosis we have established between our team of professionals

in the field of economics, finance and law with extensive knowledge

and rich practical experience combined with tradition and achieved

results are undisputed proof that FILIPOV & PARTNERS provide You,

our clients, guaranteed first-class and effective professional services.

We communicate honestly and openly with our clients by presenting

our objective, justified professional judgement for the specific project,

the possible risks and the success rate, as well as the arguments for

our professional approach.

In the process of fulfilling our professional commitments, we strictly

and consistently implement a verified model of coordination and

approval of the different levels of professional competence and

responsibility, which ensures the most effective professional control

and result.

We provide our services using the best justified European and world

practices for our customers, a guarantee of which is the

implementation of ISO/IEC 27001:2013 and ISO

9001:2015 standards.

FILIPOV & PARTNERS has been nominated by authoritative

international economic journals for Tax Consultancy Law Firm of the

year from 2014 to the present moment and the leading consultancy

firm in the field of accounting and taxation in Bulgaria among a number

of leading companies in the industry in the country.

FILIPOV & PARTNERS contributes to the development of the

professional society, basing in co-organization the only annual National

Expert Tax Conference; conducting annual professional training and

participation through professional publications and developments in

the specialized professional literature. We also pass on our knowledge

and experience by delivering academic public lectures and discussions

and teaching in universities.

We actively participate in the development and work of professional

organizations as well as interact and consult the administrative

institutions and public authorities in the country.

The achieved results, the satisfaction and recognition of our clients,

the team, the experience, the traditions, the know-how and the

knowledge that we have give us the real confidence that FILIPOV &

PARTNERS is one of the leaders in the country in the field of

accounting, tax, business consulting and service.

Clients

Clients

Our clients are Bulgarian and foreign companies with state and private ownership of capital working in different fields of the economy. Our clients are companies with significant market presence and proven national and international authority.

Group FILIPOV & PARTNERS has worked and continues to work with a number of clients in various sectors, such as energy and mining, petrochemicals, manufacturing and industry, financial services, transport, commerce, management and disposition of real estate, telecommunications, tourism, professional services, public sector and others. Some of them in alphabetical order are as follows:

Bulgarian Air Traffic Services Authority

Bulgarian Energy Holding

Bulgarian Medicine Association

Bulgarian Ports Infrastructure Company

Bulgartabac Holding Group

Bulgartransgaz

Burgas Municipality

Capman Financial Group

Cereals

Certification International Bulgaria

CPC Europe

Cushman & Wakefield

Datecs

Deloitte Bulgaria

Dimitrovgrad Municipality

Dinamo

Djiev

Dunarit

DuPont Pioneer

Economic Group AG Capital

Economic Group Aossia

Economic Group Astronergy Solar Bulgaria

Economic Group Atlas Copco in Bulgaria

Economic Group BILLA Bulgaria

Economic Group BLD

Economic Group Boni Holding

Economic Group Bulgarian State Railways

Economic Group CEZ Bulgaria

Economic Group Elana

Economic Group Frontex International in

Bulgaria

Economic Group Greenlife

Economic Group of HERA in Bulgaria

Economic Group Hyundai Motor Bulgaria

Economic Group Litex

Economic Group Rompetrol Bulgaria

Economic Group VIP Security

Electricity System Operator

Emco

Ernst & Young Bulgaria

EVROFARMA

Ficosota Holding

ABC Shipping

ACO Building Elements

Active group

AFA

Al and Co

American College of Sofia

Angelini Pharma Bulgaria

Asseco See Group (ASEE Group)

Association of the Accountants and the Accounting

Companies

Balkanpharma Dupnica

BGNOVA

Balkan Star Automotive

Bayer Bulgaria

BIOSET

Bobov Dol Power Plant

Bonev Soft Auditing

Brikel

BUL BIO

Bul Ins Insurance Company

Bulgargaz Bulgarian Air Traffic Services Authorit

Clients

M Car Sofia

Mania Team

METRO Cash and Carry Bulgaria

Mini Maritsa Iztok

Ministry of Transfport, Information Technology

and Communications

Municipal Bank

National Consultancy Center “Solution”National Electricity Company

Navibulgar Navigation Maritime Bulgaria

Noen A.S.

NOLA 7

Oil and Gas Exploration and Production Plc.

Orbico Bulgaria

Patinjeneringstroy-T

Philips Bulgaria

Phoenix Pharm

Plovdiv Airport

Pluton 1

ProCredit Bank Bulgaria

ProLease Bulgaria

Promet Bulgaria

PSG

PSI Pharma Support

Roads and Equipment

Remix Global

Russe HeatingSavimex

Sedna Palar Plants Bulgaria

Select Distillery

Shering Plough Central East CE Bulgarian

Branch

Shumen Municipality

Slatina Bulgarplod

Sofia Airport

Sofia Estates

Sofia Heating

Sofia Municipality

South-West State Enterprise

Sugar Factories

Sudwolle Group Italy – Branch Bulsafil

Svinekompleks Brashlen

Tavex

Tessy

TPP Maritsa East 2

Tokuda Bank

Tombow Bulgaria

Trimontium Princess

TÜV NORD BulgariaUnified Editing for Books and Periodicals “Misal”Unicard

Uniqa Insurance Company

Victoria Tour

Vinprom Peshtera

Walltopia

Filmautor Association (Copyright and related rights collective management society for audiovisual works)

Ficosota Syntez

Forton International

Germanishe Loyd Bulgaria

GFK Bulgaria

Global tax

GST Stilyl Bulgaria

Hospital for active treatment Shumen

Hronika

InPro M.N.V.

Intelligent Systems Bulgaria

Institute of Certified Public Accountants in Bulgaria

Ital Food

Kastel Karlovo

Keros Bulgaria

Kozloduy Nuclear Power Plant

Kremikovtsi

Kuehne & Nagel

Labor and Law Publishing complex

Law firm Kolcheva, Smilenov, Koev and partners

Law firm Tabakov, Tabakova and partners

Law firm Yordanova, Rizova and partners

Ligna Consult

Lidl. Bulgaria

Lion`s Head Investments

Linde Gaz Bulgaria

Linkoffice Data SAS – Branch Bulgaria

Values of the business group

Values of the business group

In our daily work with all our clients the team of FILIPOV & PARTNERS

respects the fundamental corporate values of the Group:

High degree of professionalism:

- Excellent knowledge of the matter – legal regulations, practices of

institutions in Bulgaria and the EU, academic depth and specialized

literature;

- Relevant practical experience;

- Exceptional discipline;

- Ethics.

Confidentiality - We respect the exclusive right to confidentiality and

we ensure that all information concerning our customers will be kept

undisclosed to third parties as by law enacted. All facts and

circumstances we have become acquainted with in the course of our

work with documents of clients are subject to strict confidentiality. This

also applies to the communication kept up with our clients, which is

inviolable.

Customer care - When we provide our services to customers we

always do our best to protect their interests as by law enacted. Our

main task is to keep our clients informed. Our ultimate goal is to build a

long-term partnership with them.

Proven Approach to Guarantee Success

Tax, accounting, legal and business consulting; tax

and legal protection at administrative and judicial

level.

The professional symbiosis formed between a

team of outstanding economists, financiers and

lawyers with in-depth knowledge and rich

experience in accounting, tax and legal matters

and the tax process allows us to have a unique

individual approach to each individual customer

and project and thus guarantee maximum quality

and result.

Services

1. Consultations

tax and legal opinions and advisory on the application of procedural

and substantive tax law regulations and European tax legislation;

tax and legal advice and consultations on the application of double

tax treaties;

opinions and consultations on the application of national and

international (IFRS) accounting standards;

legal opinions and legal consultations in the field of commercial,

obligations, labor, social security and customs law;

analysis and assessment of contracts.

2. Analyzes and strategies

strategies for the transformation and restructuring of companies,

including those regarding legally optimizing tax liabilities;

analyzes and strategies regarding legal planning and optimization of

tax liabilities;

analysis, strategies and structuring of transactions between related

parties;

tax audit – tax analysis of business activities in order to assess

potential tax risks and problematic practices.

3. Operational assistance

timely clarification of the current accounting and tax legislation and of

all changes in the tax regimes in order to lawfully benefit from tax

advantages reliefs or avoidance of unfavorable tax consequences;

assistance in preparing or filling declarations or other required

documents from the Ministry of Finance, the National Revenue

Agency, the Customs Agency and other institutions in connection with

the exercise of rights or the fulfillment of obligations under the current

legislation;

formulation and preparation of written inquiries to the bodies of the

Ministry of Finance and the National Revenue Agency and other

bodies and institutions on specific issues and problems of clients;

preparation of contracts, annexes to them and other documents;

participation in business meetings and negotiations at the request of

clients.

1. Checks and audits

assistance, counseling and protection during inspections and

audits by bodies of the National Revenue Agency and other

financial bodies;

tax defense and legal remedy of acts issued by the procedures of

the Tax and Social Insurance Procedure Code (tax audit reports,

tax refund acts, other administrative acts) by the bodies of the

National Revenue Agency, Customs Agency, municipalities and

others – developing a security framework and strategy; preparing

objections, complaints, additions and requests; administrative and

judicial appeal before all institutions; legal remedy and legal

representation;

appeal against appeals and other security measures; an analysis

of assets capable of serving as collateral for liabilities; replacing

collateral in order to stop their compulsory collection; appeals

against actions of a public enforcement authority.

2. Other proceedings

issuing claims for refund of unduly paid and/ or collected public

receivables and corresponding interest; administrative and judicial

appeal to all bodies of acts and refusals to recover; legal

protection and legal representation;

issuing claims for opinions for the implementation of double tax

treaties; administrative and judicial appeal against issued acts

regarding lack of grounds for the application of Double Tax

Treaties; legal representation;

legal remedy and legal representation in civil and commercial

disputes – preparation of documents (claim forms, answers to

petitions, etc.); legal appeal and remedy in all instances;

legal remedy against acts of administrative violations, penal

decrees and administrative acts issued under the Administrative

Procedure Code – preparation of objections, complaints, annexes,

requests and applications; administrative and judicial appeal

before all institutions; legal representation.

Services in the field of tax defense and legal

remedy at administrative and judicial level

3. Registrations and entries

Providing assistance or preparing the necessary documents for entry

in the Commercial Register at the Registry Agency of companies and

their branches, branches of foreign companies and the related

circumstances, and for declaring acts related to companies, their

branches and branches of foreign companies for which it is provided

by law that they are subject to disclosure, including:

registration, change of circumstances and striking-off of the

company of companies;

making non-cash contributions to the capital of companies;

transformation of companies;

termination and liquidation of companies;

pledge and transfer of commercial enterprises;

pledge and seizure of shareholdings;

increase and decrease of the registered capital;

announcement of financial statements.

Services in the field of tax defense and legal

remedy at administrative and judicial level

Independent Financial Audit and Specialized

Services

Independent auditors of FILIPOV AUDITING are always personally

engaged in providing audit services, ensuring reliability and credibility

of information provided by our customers to investors, creditors and

other stakeholders. Opinion and our findings are highly valued and

increase public confidence in the quality and reliability of financial

reporting to our clients and help them achieve easily their business

targets and improve their results.

Assurance related commitments

independent financial audits and reviews of financial statements;

audit with special purposes and addressed by creditors, owners,

leadership.

Commitments to implement agreed procedures for information

and other commitments for related services:

verification of projects carried out under European programs;

verification of the transformation of companies under the

Commercial Code;

Participation in Due Diligence projects

financial, tax and other reviews related to the acquisition and

transformation of companies

Accounting services

The accounting team of the financial group FILIPOV &

PARTNERS combines professional accountants with in-

depth knowledge and rich practical experience,

guaranteeing the preparation of financial statements

reflecting truthfully and honestly the financial and

financial status of the clients, assisting them in the

process of taking correct and timely management

decisions.

Value Added to Accounting Services

Simultaneously with the full range of professional

services related to the organization of current accounting

and financial statements of enterprises, we provide our

clients as an added value the option of unique expertise

in tax and legal implications as well as tax planning and

optimization of their business.

Accounting services

1. Subscription monthly accounting service

ongoing accounting of all business operations in the enterprise;

preparation of financial statements according to the

Accountancy Act and applicable accounting standards,

including IFRS;

preparation and filing of all types of documents and tax returns

in the order and under the conditions of procedural and

substantive tax law;

preparation and filing reports required by the National

Statistical Institute.

2. Personnel and Payroll Services (Payroll Services)

preparation of documents related to the occurrence, change and

termination of work and non-work relations;

preparation of monthly payroll bills, preparation of bank

documents for payment of debts to the budget as well as

preparation and submission of all declarations related to the

State Social Security.

3. Other services

preparation of reports to the Bulgarian National Bank on the

obligations and claims of foreign counterparties;

filing a declaration under Art. 15 of the Health and Safety at Work

Act;

elaboration of accounting policies;

management accounting;

preparing and reporting budgets;

preparing and conducting inventories;

preparation and implementation of internal control procedures;

preparation of payments through Online Banking to the client;

preparation of annual tax returns for individuals.

Trainings

Professional Development and Trainings

Our Philosophy

Led by the desire to raise and develop the college’sprofessional knowledge and to share our rich theoretical and

practical experience, we participate in professional trainings,

scientific conferences and publications in the specialized

literature on tax legislation and accounting.

Our trainings are attended by numerous professionals who

wish to draw on our practical experience and expertise,

presented in an accessible and fascinating way.

The services we offer in the field of professional

development and training are:

Professional trainings

Individual trainings

Working with

institutions in Bulgaria

The Economic Group FILIPOV & PARTNERS provides

consultations and opinions on specific projects and

questions to the committees of the National Assembly, the

Ministry of Finance, the National Revenue Agency, the

Ministry of Economy, the Ministry of Energy, the Ministry of

Transport, Information Technology and Communications, as

well as and other units of the state and municipal

administration.

The team of the group actively participates in the

development and consultation of draft laws, guidelines and

opinions on the application of substantive tax laws,

accounting and auditing legislation, projects for the

harmonization of Bulgarian legislation with that of the

European Union and many others.

Working with institutions in Bulgaria

Professional team

Professional team

The team of the FILIPOV & PARTNERS economic group is

made up of outstanding professionals – economists and

lawyers with extensive experience and in-depth knowledge

of tax, accounting, auditing, commercial, obligations, labor,

social security law and corp orate finance activities. Our

basic principle is that each client is unique, so we approach

each individual project individually, an approach aimed at

achieving effective, qualitative, effective and timely

implementation of the goal.

Partners

Fоunder of the group FILIPOV & PARTNERS and Managing Partner

is VELIN FILIPOV, who is a certified public accountant and registered

auditor, one of the most respected and established accounting and tax

advisors in the country. For about five years (2002-2007) he worked as

Head of Accounting Practice Department at the Tax Policy Directorate

of the Ministry of Finance. From May 2007 to July 2009, he was an

advisor to the National Budget and Finance Committee of the National

Assembly. He was a Chairman of the National Accounting Council for

three years, and in the period 2003-2007 he has led the expert teams,

developing the normative changes in the accounting and corporate tax

legislation.

VELIN FILIPOV is Deputy Chairman of the Management Board of the

Institute of Certified Public Accountants in Bulgaria (ICPA) from 2014 to

present moment and is directly responsible for legislation and

methodology.

He is Vice-President in the period 2011 – 2014 and Co – Chairman from

2014 to the present moment of the ICPA Training Methodological Council

(the Methodological Unit of the Professional Organization), a

representative of the ICPA in the Advisory Boards to the Executive

Directors of the NRA and Registry Agency. He is also a court expert and

chairman of an audit committee of an enterprise of public interest. He

actively participates in the development and amendments of the tax,

accounting and auditing legislation and the practical issues of their

implementation, working directly with the Budget and Finance Committee

of the National Assembly, the Ministry of Finance and the National

Revenue Agency.

VELIN FILIPOV is a lecturer at the Faculty of Economics at Sofia

University. He has conducted hundreds of training courses for professional

development of practitioners, author and co-author of numerous books,

reports of scientific and practical conferences and publications in

specialized economic journals. He is a member of the Editorial Board of

some leading specialized professional journals in the country.

VELIN FILIPOV as Managing Partner and registered auditor is directly

responsible for the quality of the services provided by the economic group

and the monitoring of the working process by the team of the Group’s core

ethical values. As an established accounting and tax consultant with years

his name has become a guarantee for outstanding professionalism and

competence, as evidenced by customer satisfaction, contact the

group FILIPOV & PARTNERS.

Partners

KAMELIYA FILIPOVA is a partner and she is directly involved in

the control and management of the accounting services offered by

FILIPOV & PARTNERS as a Chief of the Accounting Partner

Department. She is certified Master of Accounting and has more

than eighteen years of experience in accounting and preparation of

financial statements. She has been an operative accountant, head

of accounting department and CFO in companies with Bulgarian

and foreign ownership of capital.

She joined FILIPOV & PARTNERS Group in early 2008.

JULIY ZAREV is a partner and lawyer directly involved in the

control and management of the consultancy services offered

by FILIPOV & PARTNERS; tax and legal protection; legal

representation. He has over fifteen years of experience in various

areas of law, including as a lawyer and jurisconsult at the National

Revenue Agency.

Joins the FILIPOV & PARTNERS Group in early 2010

Partners

Coordinates:

Main Office of

FILIPOV & PARTNERS:

address: Sofia 1000,

5 Willian Gladstone Str, Floor 2&3

phone: 02/980 33 99

phone/fax: 02/85 85 85 5

e-mail: office@filipov.bg

website: www.filipov.bg

VELIN FILIPOV

Managing Partner, velin@filipov.bg

KAMELIYA FILIPOVA

Partner, k.filipova@filipov.bg

YULIY ZAREV

Partner, y.zarev@filipov.bg

KALINA PETROVA

Office manager and customer service,

+ 359 884 90 60 00,

k.petrova@filipov.bg

VESELA VASILEVA

Office manager and customer service,

+359 885 99 00 57,

v.konstantinova@filipov.bg