Transfer Pricing refers to the situation where a business entity with operations in multiple countries establishes inter-company prices between foreign divisions. This helps the companies to take advantage of tax rate differentials between countries, explore tax incentives to establish transfer prices to minimise the global tax exposure of the enterprise. While the interest of tax authorities is to increase tax revenue, the interest of enterprises is to minimise tax exposure. As a result, tax authorities often challenge the transfer prices of private enterprises to expose tax liabilities that transfer prices of enterprises conceal to increase tax revenues.