First of all, a distinction must be made between the provisional and the definitive tax price. The tax price cannot fall below the nominal value of the respective share or participation capital. This is therefore the lower limit, even if the calculated value is lower. As long as no definitive tax price is available, the provisional tax price applies. In order to obtain a definitive tax price, the annual financial statements approved by the annual ordinary shareholders’ meeting are required. Subsequently, the company can apply for the definitive tax price from the relevant tax authorities. After receiving confirmation from the tax authorities, the taxable share price can be communicated to the shareholders. This procedure is then repeated annually. It should be noted that founders and employees may have to pay tax on shares and participation certificates at different prices than investors.