The objective of this paper is to present a comprehensive review of the current state of knowledge about the impacts of dynamic soil-structure interaction on building structures as well as the modelling tools available to deal with (SSI) effects. SSI occurs when the movement of the ground during an earthquake affects the behavior of the structure. The stiffness and damping properties of a structure could be altered by it, which may consequently influence the structure's reaction to earthquake forces. Performance based seismic design with SSI takes these factors into account and seeks to optimize the performance of the structure during an earthquake by adjusting its design parameters. This paper provides and discusses an overview of the associated research and findings. The article includes relevant research and conclusions and the primary methodologies to evaluating soil-structure interaction problems using frequently employed modelling tools and computational techniques. SSI's participation in numerous design regulations and global recommendations is also specified. Current advances and observations on the impact of SSI on seismic response of structures with various structural systems and foundation designs are considered. Furthermore, in order to assist new researchers in improving prior discoveries, unexplored areas of research and emerging directions for future research trends in SSI area are identified.