Transfer pricing means the price that arises because of the existence of transfer goods, services, and other intangible assets between the companies that have a special relationship or related parties. If the purpose of transferring prices is to meet production needs between companies within the same group, then transfer pricing is carried out neutrally. However, if the goal is to avoid taxes, then the practice is called abuse of transfer pricing. This practice is legal based on regulations but must be following the arm’s length principle. This study intends to discover how the simultaneous and partial influence of tax minimization, firm size, exchange rate, and multinationality on the indication to perform transfer pricing. In this research quantitative methods are used with purposive sampling as a sampling technique. Manufacturing companies listed on the Indonesia Stock Exchange for the year 2016 until 2020 are the population of the study. Based on the sample criteria, the sample companies studied amounted to 14 companies with a period of 5 years. Logistic regression analysis is the analytical technique used in the study through the assistance IBM SPSS Statistics 25 application. According to the results, variables of tax minimization, firm size, exchange rate, and multinationality simultaneously have a significant influence on the indication to perform transfer pricing. Based on the partial test, multinationality has a significant positive influence on the indication to perform transfer pricing whereas tax minimization, firm size, and exchange rate do not influence the indication to perform transfer pricing.