Given non singular matrices $A_{n \times n},B_{m \times m}$
$$ ( A \otimes B)(A^{-1} \otimes B^{-1}) = (AA^{-1}) \otimes (BB^{-1}) = I_n \otimes I_m = I_{(nm \times nm )} $$
I was just reading through mathematical primer for social statistics by John Fox and saw this on page 17, it wasn't clear to me why this is true though.
The basic idea is that $$A\otimes B =\begin{bmatrix} a_{11}B & a_{12}B & a_{13}B \dots \\ a_{21}B & a_{22}B & a_{23}B \dots \\ \vdots & \vdots & \vdots \end{bmatrix} $$
$$A^{-1}\otimes B^{-1} =\begin{bmatrix} a_{11}'B^{-1} & a_{12}'B^{-1} & a_{13}'B^{-1} \dots \\ a_{21}'B^{-1} & a_{22}'B^{-1} & a_{23}'B^{-1} \dots \\ \vdots & \vdots & \vdots \end{bmatrix} $$
$$(A\otimes B)(A^{-1}\otimes B^{-1}) =\begin{bmatrix} c_{11}BB^{-1} & c_{12}BB^{-1} & c_{13}BB^{-1} \dots \\ c_{21}BB^{-1} & c_{22}BB^{-1} & c_{23}BB^{-1} \dots \\ \vdots & \vdots & \vdots \end{bmatrix} = \begin{bmatrix} c_{11}I & c_{12}I & c_{13}I \dots \\ c_{21}I & c_{22}I & c_{23}I \dots \\ \vdots & \vdots & \vdots \end{bmatrix}$$
where $c_{ij}$ is a an element of $AA^{-1}$, so $c_{ij} = \delta_{ij}$ and the equation holds. This is extremely schematic of course, just to give you some "visuals". You should calculate $A\otimes B$, $A^{-1}\otimes B^{-1}$ directly by definition of Kronecker product and then multiply them to see how indices behave.