The professionals behind Essence Accounting are FTA-registered tax agents, certified accountants, and UAE compliance specialists — with hands-on audit and tax experience across diverse UAE business sectors.
Chirag Mahyavanshi leads Essence Accounting with a hands-on, client-first approach. Every major engagement — from FTA audits to corporate tax filings — is personally overseen to ensure accuracy, compliance, and zero penalties.
Chirag Mahyavanshi is the Managing Partner at Essence Accounting and Tax Consultancy LLC, bringing 7+ years of professional experience across audit, accounting, and tax advisory. Before joining Essence, Chirag spent nearly 4 years at RVG Chartered Accountants in the UAE — progressing from Associate to Manager in Audit & Assurance — where he worked with clients across trading, real estate, professional services, and manufacturing sectors on audits, financial reporting, and compliance.
Chirag holds a Bachelor’s degree in Accounting and Finance from the University of Mumbai (Grade A) and has passed the CFA Level 2 examination — a globally recognised credential reflecting strong financial analysis and valuation expertise. He has been actively involved in UAE corporate tax advisory since the introduction of Federal Decree-Law No. 47 of 2022, helping clients understand the 9% corporate tax regime, qualify for Small Business Relief, and navigate EmaraTax registration and filing. His approach is straightforward: understand the client’s business, solve their tax and compliance challenges efficiently, and ensure they never face a preventable FTA penalty.
The Essence team combines FTA-approved tax agents, certified accountants, and PRO specialists. Every department is led by a qualified professional with a minimum of 5 years of UAE-specific experience in their field.
Our VAT team handles every aspect of UAE VAT compliance: mandatory and voluntary VAT registration, monthly and quarterly VAT return filing via EmaraTax, VAT refund applications, voluntary disclosure submissions, and FTA audit representation. We have filed over 2,000 VAT returns with zero FTA penalties across our entire client portfolio. Every VAT return is reviewed by a senior FTA-registered tax agent before submission, ensuring accuracy, completeness, and compliance with Federal Decree-Law No. 8 of 2017 and its executive regulations.
The UAE Corporate Tax team at Essence supports businesses navigating the Federal Corporate Tax regime introduced in June 2023. Our specialists assist with corporate tax registration (mandatory for all UAE businesses), taxable income determination, qualifying free zone income analysis, transfer pricing documentation, small business relief applications, and annual corporate tax return filing. We keep clients informed of every FTA legislative update and proactively adjust their tax positions to minimise exposure and maximise reliefs available under Federal Decree-Law No. 47 of 2022.
Our accounting team provides monthly bookkeeping, financial statement preparation, management accounts, and IFRS-compliant reporting for UAE businesses of all sizes. We work with all major accounting platforms including Zoho Books, QuickBooks, Xero, and SAP. Our accounting specialists are trained to identify and flag issues that affect VAT recovery and corporate tax positions, ensuring your financial records are always accurate, up to date, and audit-ready. For growing businesses, we also provide CFO-level advisory services and cash flow forecasting to support strategic decision-making.
In the UAE, not all accountants and tax advisors are equal in the eyes of the FTA. Working with an FTA-registered tax agent provides legal standing and protections that unregistered advisors cannot offer. Here is why the distinction matters for your business.
An FTA Registered Tax Agent (identified by a unique Tax Agent Number, or TAN) is a professional who has been vetted, qualified, and approved by the Federal Tax Authority to act on behalf of taxpayers in all FTA matters. Essence Accounting holds TAN 30006266 — one of a select group of approved agents in the UAE.
Legal Authority to Act: An FTA-registered agent can legally represent your business before the FTA in assessments, audits, and dispute proceedings. An unregistered advisor has no standing in these situations.
Professional Accountability: FTA agents are subject to ongoing FTA oversight, continuing professional development requirements, and a code of professional conduct. This protects you from unqualified advice.
Direct EmaraTax Access: Only FTA-registered agents can access the EmaraTax portal on behalf of clients to file returns, submit reconsideration requests, and respond to FTA correspondence — directly and on record.
Audit Protection: If your business is selected for an FTA tax audit, having a registered agent means you have an experienced professional who knows the process and can manage every step of the response on your behalf.
Essence Accounting is FTA Registered under TAN 30006266. You can verify this on the official FTA website at tax.gov.ae.
Every credential, rating, and client result we display is verifiable. We believe transparency is the foundation of great professional relationships.
Tax Agent Number (TAN) 30006266, verifiable on the FTA official portal at tax.gov.ae
127 verified 5-star reviews from UAE businesses across VAT, corporate tax, and accounting services
Businesses across trading, real estate, tech, hospitality, manufacturing, and professional services
Whether you need VAT filing, corporate tax registration, accounting support, or a full business setup, our team is ready to help. Book your free consultation with Chirag and the Essence team today.
