JackW

I have a personal EU account with them. I have no business yet cause what I made online was always just enough to pay my bills and for some bred and butter. But the payments I got into my paypal account adding up to several thousand euros for the past 2 years (I'm doing mainly PPC advertising and have huge expenses).
There is now a specific amount reached where "paypal is required by law to comply with european union anti-money laundering regulations to collect information from customers when they receive more than this specific amount in total payments".

Paypal requests from me to enter my business type and what I'm doing online exactly (business type, date business established, category of business, average transaction price, average monthly volume, sales venue like ebay, own website or other). But like written above I don't have a business registered yet and if I would register one now I would have to pay some taxes for the past 2 years, but I have no money. I had always just enough money to keep my apartment and to buy some (cheap) food.

They wrote me when I have completed the required items one of their account specialists will review this case again and will send me an email with the outcome of this review. But I fear that they will (or are required) to send this case straight to my tax office.

Does anyone of you got a request like this from paypal before? What have you done? Will they pass all my informations to my tax office? Or is it more an internal assurance for them if there will be ever a need for these informations in the future?

I appreciate any help!