It is a minimum (for the noted offense). Also, your language is out of place.

From http://data.consilium.europa.eu/doc/document/ST-5419-2016-IN...

Article 83:

Section 4:

> Infringments of the following provisions shall, in acccordance with paragraph 2, be subject to administrative fines up to 10 000 000 EUR, or in the case of an undertaking, up to 2% of the total worldwide annual turnover of the preceding financial year, whichever is higher:

Section 5:

> Infringements of the following provisions shall, in accordance with paragraph 2, be subject to administrative fines up to 20 000 000 EUR, or in the case of an undertaking, up to 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher: