Kuwait Court of Cassation principle number 1671

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