New Zealand Inland Revenue has updated its guidance on transfer pricing for financing costs, including an increase in the generally accepted arm's length interest rate for small value loans from 250 basis points (2.5%) over the relevant base indicator to 300 basis points (3.0%) over the relevant base indicator effective from 1 July 2018. For this purpose, small value loans means cross-border associated party loans by groups of companies for up to NZD 10 million principal in total per year. T…