Guatemala's Congress is reportedly considering legislation that would repeal the current solidarity tax (Impuesto de Solidaridad – ISO), which is levied at a rate of 1.0% on net assets or gross income. At the same time, Congress is considering legislation for the introduction of an extraordinary contribution for the COVID-19 crisis that would essentially introduce an additional top individual income tax rate of 10% on annual employment income in excess of GTQ 600,000. Individuals engaged in b…