Abstract - This research is using quantitative study aimed to see whether there are influence of taxation, tunneling incentive, leverage, and exchange rate on the transfer pricing treatment. Population of this study is manufacturing companies listed on the Indonesia Listed Exchange in the 2016-2018 period were using purposive sampling. The sample on this study after outlier is 77 sample for model 1 and 120 sample for model 2. The analysis technique used is Statistical Product and Service Solution (SPSS) 23 software with a significance level of 5%. The result of the tests obtained in model 1 which is proxied by related party receivables that (1) Taxation has a negative and significant effect on the transfer pricing treatment (2) Tunneling incentive has a no significant effect on transfer pricing treatment (3) Leverage has a positive and significant effect on the transfer pricing treatment, and (4) Exchange rate has no significant effect on transfer pricing treatment. Meanwhile for model 2 which is proxied by debt of related party that (1) Taxation has a no significant effect on the transfer pricing treatment (2) Tunneling incentive has a positive and significant effect on transfer pricing treatment (3) Leverage has a positive and significant effect on the transfer pricing treatment, and (4) Exchange rate has no significant effect on the transfer pricing treatment.