Quinto Real

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For other uses, see Quinto Real (disambiguation).

The Quinto Real or the Quinto del rey, the "King's fifth", was a 20% tax established in 1504 that Spain levied on income related to mineral working and precious metal mining in Spanish America. The tax was an important source of income for the Spanish monarchy for over two hundred years from its introduction in 1504. In 1723 the tax was reduced to 10%.