How Tax Calculation Works with Core dna

The tax calculation engine seamlessly integrates with Core dna's digital experience platform, enhancing the e-commerce module by providing automated sales tax calculations. This feature is invaluable to marketers aiming to optimize their sales process, ensuring compliance and reducing errors.

Through API integration, the tax calculation engine retrieves real-time data, including tax rates based on geographical location. The platform efficiently applies these rates during the checkout process, providing customers with accurate pricing. This not only aids compliance but also improves customer trust and satisfaction.

Key Specifications

Practical Use Case

Consider a retailer operating in multiple states across the U.S., each with its own sales tax rates. By integrating the tax calculation engine with Core dna's e-commerce solution, this retailer can:

• Automate application of specific tax rates depending on customer's shipping address.
• Instantly adjust the total cost displayed to the customer at checkout.
• Generate reports to assess tax liability quickly for accounting purposes.

This implementation ensures that compliance is maintained across jurisdictions, minimizing the risk of audits or penalties and maintaining clear financial records.

Implementation Example

For an e-commerce platform powered by Core dna, implementing the tax calculation engine involves setting up API endpoints to connect the store with the tax engine service. This allows automatic fetching of tax details during each transaction. As customers proceed to checkout, the engine calculates and applies these taxes based on the shopper’s shipping address, ensuring seamless checkout experiences and reducing cart abandonment rates.