Mini Bakeries, the maker of Super Loaf bread, has increased the prices of its products, barely a month after losing a Shs 2 billion tax case against the Uganda Revenue Authority (URA).
The price increase comes shortly after the Tax Appeals Tribunal upheld a Shs 2.02 billion tax assessment against Mini Bakeries. The assessment followed a transfer-pricing audit covering transactions between the company and its related entities from July 2015 to June 2023.
Checks by our reporters at several shops show that the price of a half-kilogramme loaf of Super Loaf has risen from between Shs 3,000 and Shs 3,300 to Shs 3,500, depending on the retailer.
The price of a one-kilogramme loaf has also increased from Shs 6,000 to Shs 6,500.
Mini Bakeries had not officially commented on the price increases or explained the reasons behind them by press time. However, the company’s recent tax liability has raised questions about whether the court ruling may have contributed to the higher prices.
The tax dispute arose from transactions between Mini Bakeries, the parent company of Super Loaf, and its related entities. The tribunal’s decision upheld the URA’s assessment, leaving the company liable for the Shs 2.02 billion tax bill.
The latest increase adds to the cost of bread for consumers, who are already facing higher prices for several household necessities. Retail prices may continue to vary depending on the location of the shop and other distribution costs.
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