quinto real

quinto real

▪ Spanish tax
      (Spanish: “royal fifth”), in colonial Spanish America, a tax levied by the crown on mineral products; it was the principal source of profit derived by Spain from its colonies. The percentage was fixed at one-fifth in 1504, to be paid for 10 years, but the rate remained at generally that level until the 18th century. In 1723 the quinto was almost uniformly reduced to the diezmo (one-tenth); in 1777 the rate was everywhere reduced to 3 percent, with 2 percent added to metals on their actual importation into Spain. Although the quinto was officially levied on all mineral production, in practice it was collected only on precious metals and stones.

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Universalium. 2010.

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  • Quinto real — Pour les articles homonymes, voir Quinto. Le Quinto Real est créé par ordonnance du roi appelée Quinto del Rey ou Quinto Real. Le Quinto Real est un impôt où chaque navire venant d’Amérique espagnole pour Séville devait donner pour le roi un… …   Wikipédia en Français

  • Quinto Real — The Quinto Real or the Quinto del rey, the King s fifth , was a 20% tax established in 1504 that Spain levied on the mining of precious metals. The tax was a major source of revenue for the Spanish monarchy. In 1723 the tax was reduced to… …   Wikipedia

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