A new VAT Study

19.09.2013. A new study made for the European commission aims to understand the recent trends in the field of VAT collection better, by updating the VAT Gap estimates for 2000-2006 produced in the Reckon Report of 2009 and by providing estimates for the VAT Gap for the period 2007-2011.

IFRS for SMEs proposals


 03 October 2013

The International Accounting Standards Board (IASB) today published for public comment an Exposure Draft of proposed amendments to the IFRS for SMEs, which it developed based on its initial comprehensive review of the IFRS for SMEs.

Donev Auditing Company LLC and Donev Consulting Agency LLC  are private held Bulgarian companies providing audit, advisory, tax and legal services. Our practice helps investors become and remain compliant with the local regulatory matters and business conditions in Bulgaria and enhances the reliability of the financial reporting of their local business activities.



We perform various audit procedures in accordance with the relevant legal and regulatory requirements, International standards on Auditing, good auditing practices and the Code of Ethics. An audit includes examinations on a text basis, of evidence relevant to the financial statements or any other financial information.



We believe that compliance with local tax and administrative regulations is crucial to any business. Therefore our team of professionals is ready to help your business model staying compliant, yet competitive and succesful, providing you counsel`s opinion and integrated advice on




We design our accounting services in order to meet the specific needs of our clients. No matter what your business is, you might consider outsourcing your bookkeeping and accounting if you wish your company to focus on what we believe is the most imortant thing - being second to none in what you do.