30 Questions
Which type of tax is levied directly from the person that will ultimately bear the economic burden resulting from the tax?
Direct tax
What is the minimum corporate income tax that must be paid by GmbHs in Austria?
Small profits tax
Who is subject to unlimited liability for personal income tax in Austria?
Sole proprietors
What is the tax rate for the first EUR 11,000 of annual income in Austria?
0%
Which trademark infringement rationale is based on the idea that no one should exploit or impair the reputation associated with a well-known trademark?
Higher level of protection
Which company form requires a minimum share capital of at least EUR 35,000?
Limited Liability Company (GmbH)
Which company form has the option of establishing one-person companies electronically via the USP portal?
Limited Liability Company (GmbH)
Which company form has the mandatory bodies of Management Board, Supervisory Board, and General Meeting?
Public Limited Company (AG)
Which company form has a minimum share capital of at least EUR 70,000?
Public Limited Company (AG)
Which company form allows for the option of a European or foreign company form?
Societas Europaea (SE)
According to the text, what is the purpose of a trade name?
To distinguish the company from other companies
What is a trade name based on the name of an individual subject to unlimited liability called?
Namensfirma
What is the duration of a national trademark according to the Trademark Protection Act?
10 years
What is the main function of a trademark?
To identify products or services
What is the difference between a trade name and a trademark?
A trade name is used to identify products or services, while a trademark is used to protect the company name
Which type of company has partners who are fully liable with their business as well as their private assets and without limitation?
General partnership (Offene Gesellschaft OG)
Which type of company has partners who are personally and jointly liable for the company's debts, including with their private assets, without any limitation?
General partnership (Offene Gesellschaft OG)
Which type of company has partners who have limited liability, with at least one partner having unlimited liability?
Limited partnership (Kommanditgesellschaft KG)
Which type of company has shareholders who have no direct or personal liability?
Private Limited Company (Gesellschaft mit beschränkter Haftung, GmbH)
Which type of company can be established by only one person?
Private Limited Company (Gesellschaft mit beschränkter Haftung, GmbH)
Which of the following statements about sole proprietorship in Austria is correct?
Sole proprietors can choose a trade name and must use the designation 'eingetragener Unternehmer'.
What triggers the formal accounting duties for sole proprietors in Austria?
Having a turnover of EUR 700,000 in each of two consecutive business years
Which of the following is a characteristic of business partnerships in Austria?
Business partnerships require formalities to establish.
What is the difference between sole proprietorship and business partnerships in Austria?
Sole proprietors can operate the business alone, while business partnerships require multiple owners.
What is the liability of a sole proprietor in Austria?
The sole proprietor is liable for debts with business assets and private assets.
Which of the following is a motivation for online companies to have their establishment in a place with low taxes and make profits elsewhere?
To benefit from public institutions and infrastructures
Under the Digital Tax Act 2020 in Austria, what is the tax rate applied to online advertising services?
5%
What is the global minimum corporate tax rate (GMCTR) agreed upon by leaders of 136 countries worldwide?
15%
Which of the following is NOT a requirement for online advertising services to be subject to digital tax in Austria?
Having a worldwide annual turnover of at least EUR 750 million
What percentage of the largest multinational companies' profit that is in excess of 10% of revenue can be taxed by countries where the revenues are earned?
25%
Test your knowledge on trade name law and trademarks with this quiz! Learn about the importance of choosing the right name for your company and the legal aspects involved in registering it. Challenge yourself and sharpen your understanding of trade name laws and trademarks.
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