Centesima rerum venalium

Centesima rerum venalium (lit. 'hundredth of the value of everything sold') was a 1% tax on goods sold at auction during the Roman empire.

History

Tax revenues went into a fund to pay military retirement benefits (aerarium militare), along with those from a new sales tax (centesima rerum venalium), a 1% tax on goods sold at auction.^[1] The inheritance tax is extensively documented in sources pertaining to Roman law, inscriptions, and papyri.^[2] It was one of three major indirect taxes levied on Roman citizens in the provinces of the Empire.^[3]

References

^ Gardner, "Liability to Inheritance Tax," p. 205; Graham Burton, "Government and the Provinces," in The Roman World (Routledge, 1987, 2002), p. 428; Peter Michael Swan, The Augustan Succession: An Historical Commentary on Cassius Dio's Roman History Books 55–56 (9 B.C–A.D. 14) (Oxford University Press, 2004), p. 178.
^ Gardner, "Liability to Inheritance Tax," p. 205. A 2nd-century AD epitaph for a Roman of equestrian rank, for instance, lists procurator of the 5 percent inheritance tax on his career résumé (CIL 10.482).
^ Burton, "Government and the Provinces," p. 428.

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[1] Gardner, "Liability to Inheritance Tax," p. 205; Graham Burton, "Government and the Provinces," in The Roman World (Routledge, 1987, 2002), p. 428; Peter Michael Swan, The Augustan Succession: An Historical Commentary on Cassius Dio's Roman History Books 55–56 (9 B.C–A.D. 14) (Oxford University Press, 2004), p. 178.

[2] Gardner, "Liability to Inheritance Tax," p. 205. A 2nd-century AD epitaph for a Roman of equestrian rank, for instance, lists procurator of the 5 percent inheritance tax on his career résumé (CIL 10.482).

[3] Burton, "Government and the Provinces," p. 428.

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