Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3393

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Profits of companies in which other companies hold shares. Income belonging to the company that is subject to tax, and income for the shareholders after distribution. Tax on these profits. Prevention of its duplication by treating entities holding shares in other entities as their partners. Effect thereof. Each is liable only for the tax due on its share. Decree 3/1955. Joint and several liability may not be presumed.
Arabic original
أرباح الشركات التي تساهم فيها شركات أخرى. دخل خاص للشركة يخضع للضريبة ودخل للمساهمين بعد توزيعها. الضريبة على هذه الأرباح. منع ازدواجها باعتبار الهيئات المساهمة في هيئات أخرى شريكة لها. أثر ذلك. لا تسأل كل منها إلا عن الضريبة المستحقة على حصتها. المرسوم ٣/١٩٥٥. لا يجوز افتراض التضامن.
Original Arabic judgment citations

(الطعن ٢٠٣/١٩٨٤ تجاري جلسة ١٧/٧/١٩٨٥ مج القسم الأول - المجلد الثاني ص ٢٤٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 570. PDF pages: 570.

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