Companies that become multinational corporations can be called a very big step of progress, but with the progress of a large company, the responsibility becomes big. Companies want to get more profit; one way is by tax-motivated profit transfer. To reduce tax obligations, companies must prepare a strategy for one of the ways to transfer income, namely by carrying out transfer pricing so that companies can reduce tax obligations. Companies can carry out transfer pricing with certain subsidiaries or legal entities. The purposes of research were to determine whether effective tax rate, Debt Covenant, Tunneling Incentive, Bonus Plan, and Exchange Rate affect Transfer Pricing decisions moderated by Good Corporate Governance in Consumer Non-Cyclicals companies listed on the IDX. This study uses quantitative techniques and collects secondary data from the financial statements of Consumer Non-Cyclicals. The sampling method is purposive sampling.

Transfer Pricing, Good Corporate Governance, Stock Exchange Companies, Indications, Determinant

• Jajat Sudrajat, S.E., M.M.

• Dr. Meiryani., S.E., Ak., M.M., M.Ak., CA.