New Zealand Inland Revenue issued a note on 14 February 2018 concerning a correction to the proposed rule to limit the rate of deductible interest on related party cross-border debt (the restricted transfer pricing rule), which is included in the Taxation (Neutralising Base Erosion and Profit Shifting) Bill introduced into the New Zealand Parliament on 6 December 2017 ({News-2017-12-08/P/2-previous coverage}). The proposed rules would require that related-party loans between a non-resident l…