Kuwait Court of Cassation principle number 325

It is impermissible to adopt anything contrary to statutory provisions or restricting them where they are clear and plain. - The provision in Article 12 of Law No. 19 of 2000. Its implication: calculation of tax at 2.5% on the annual net profits of Kuwaiti companies listed on the Kuwait Stock Exchange. Its implication: calculation of tax on the annual net profits of the aforementioned companies. This includes the profits they receive from subsidiary companies, whether Kuwaiti or non-Kuwaiti, listed or unlisted. Listed subsidiary companies are excepted if tax has been collected from them. The reason for this is to prevent double taxation.