1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Paypal tax reporting policy - Europe Union

Discussion in 'Business & Tax Advice' started by saosin10, Nov 22, 2013.

Tags:
  1. saosin10

    saosin10 Newbie

    Joined:
    Aug 14, 2011
    Messages:
    16
    Likes Received:
    7
    Hello. I am using PayPal to receive money. I know Paypal sends data to US IRS when you exceed $20,000 of income and 200 incoming transactions.
    But what are the limits in Europe Union? Does anyone know? I have less than 200 incoming transactions (>50) and $18,800 income right now.
    ​
     
  2. Gogol

    Gogol Elite Member

    Joined:
    Sep 10, 2010
    Messages:
    3,063
    Likes Received:
    2,872
    Gender:
    Male
    Ghost!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  3. saosin10

    saosin10 Newbie

    Joined:
    Aug 14, 2011
    Messages:
    16
    Likes Received:
    7
    What are you trying to say?
     
  4. saosin10

    saosin10 Newbie

    Joined:
    Aug 14, 2011
    Messages:
    16
    Likes Received:
    7
    I switched to Paxum and no longer use paypal to receive money. To my knowledge paxum does not report the earnings or activity to the IRS.
     
  5. Derpinard

    Derpinard Registered Member

    Joined:
    Nov 7, 2013
    Messages:
    87
    Likes Received:
    28
    Occupation:
    Translator
    Location:
    Central Europe
    Anybody has some more info about this ? I have some money coming regularly into my paypal account and I would like to avoid having to pay taxes on it. I do not run a company, nor am I formally employed by anyone.