AI For Product Classification: Can Machines Master Tax Law? – Forbes

‘Product classification may sound like an obscure, back-office task that only concerns customs officials or tax accountants. But in reality, it is a cornerstone of tax and customs compliance for businesses of all shapes and sizes, whether they sell goods, services, or both. Accurate classification ensures that the right tax rates, duties, and exemptions are applied, helping companies avoid costly errors, audits, and penalties.’

Link: https://www.forbes.com/sites/aleksandrabal/2025/04/28/ai-for-product-classification-can-machines-master-tax-law/