The information above only pertains to the IRS, you would have to look into your local government to see what sort of arrangement with Paypal they have.
"Since 2011, PayPal has been required by the IRS to report the sales of goods and services for customers who, in a single year receive:
More than $20,000 USD, AND
200 or more payments.
The new IRS 6050W changes apply to all payment providers, including PayPal. This includes payments received...
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