Amazon has reduced the minimum price that authors have to set for ebooks on Kindle Direct Publishing for European Union marketplaces.
The new minimum set for 35% royalties is now €0.89 (down from €0.99) while for 70% royalties the minimum is now €2.69 (down from €2.99).
The new minimums are for euro currency countries and cover Germany (Amazon.de), France (Amazon.fr), Italy (Amazon.it), Spain (Amazon.es) and the Netherlands (Amazon.nl).
The 35% royalty options are dependent on file size with the €0.89 price available for files less than 3MB while the minimum rises to €1.79 for files between 3-10MB and €2.69 for files bigger than 10MB.
Minimum prices for the UK (Amazon.co.uk)
stay the same at £0.99 have been cut from £0.99 to £0.77 for 35% royalties (less than 3MB file) since the May 1 ‘fast-track’ scrapping of UK VAT on digital publishing and from £1.99 to £1.77 for 70% royalties.
The ebook minimum prices for the US (Amazon.com) also remain the same at $0.99 for 35% royalties and $2.99 for 70% royalties.
VAT (value-added tax) on ebooks has recently been cut in several European countries and Spain is the latest country to do so, slashing the rate from 21% to 4%.