How are virtual shares taxed from the employee's perspective?
Tax liability only arises when virtual shares are actually created.
From the employee's perspective, beel's employee participation does not trigger a taxable event at the time of the grant or during vesting.
A taxable event only occurs when the employee actually creates their virtual shares or receives a payout. At that point, a monetary benefit arises, which must be taxed as employment income (including social security contributions).
Subsequent payouts (profit participation, exit) are then treated as capital gains – no longer as employment income.
The specific details should be coordinated with a tax advisor. More information on tax optimization can be found here.