Kuwait Court of Cassation principle number 1250

Profits of companies in which other companies hold shares. Income belonging to the company subject to tax, and income for shareholders after distribution. Tax on these profits. Preventing double taxation by treating entities holding shares in other entities as their partners. The effect thereof. Each is liable only for the tax due on its share. Decree-Law 3/1955. Its absence of a provision imposing liability on each of the two entities for tax on the entire profit or imposing joint and several liability.