<p><em>Transfer pricing, from the pejorative dimension, is defined as the actions of the company's management with related parties in an effort to systematically manipulate prices with the aim of avoiding being taxed (Gunadi, 2009).</em></p><p><em>This study was conducted to determine the effect of the tax expenses, debt covenants and tunneling incentives on transfer pricing decisions in coal mining companies listed on the Indonesia Stock Exchange in 2017-2019 with the type of quantitative descriptive research. The data that was processed was sourced from secondary data using the documentary method in the form of financial statements of mining companies in the coal sub-sector published by the Stock Exchange which were then tested using logistic regression analysis techniques.</em></p><p><em>The results of the logistic regression test show that the tax burden and tunneling incentives have a positive and significant effect on transfer pricing decisions, while debt covenants have no effect on the company's transfer pricing decisions.</em></p>