The market-leading strength of Andreas Neocleous & Co LLC's tax and tax planning team has again been recognized, in International Tax Review's 2015 European Tax Awards. At a prestigious awards ceremony held at London's Grosvenor House Hotel on 21 May Andreas Neocleous & Co LLC was awarded the accolade of Cyprus Tax Firm of the Year, beating off strong competition from Deloitte and Eurofast Taxand, the other shortlisted firms.

The awards are generally dominated by the “Big Four” accounting firms, and Andreas Neocleous & Co LLC was among a small group of elite tax law firms winning awards. It is the only law firm to have won the Cyprus award, repeating its success in the 2010 awards.

First published in 1990, International Tax Review has established itself as the world's most authoritative magazine dedicated to international tax strategy, providing tax professionals in industry, government, private practice and research with news, analysis and intelligence on the key areas of tax. Its European Tax Awards have taken place annually since 2005, recognising the leading international tax professionals from across Europe, judged on the basis of innovation, technical expertise and market position in the field of cross-border taxation, based on detailed research which includes interviews with leading tax practitioners, private-practice lawyers, and in-house counsel.

To determine the winners, International Tax Review's team of specialist journalists analysed information from a variety of sources, including tax advisers and lawyers, tax executives and in-house counsel, to identify and acknowledge the most innovative and significant tax work that took place in Europe in the past year. 

Commenting on the award Elias Neocleous, vice-chairman of the firm and head of the corporate and commercial department said, "We strive to offer our clients the highest quality advice and service, and to help them gain the benefits of using Cyprus as a base for their business. Tax planning and strategic tax advice are at the heart of our practice and we are delighted to be recognised by our fellow tax professionals for the quality of our work, affirming our reputation as the Cyprus advisor of choice for market-leading businesses."