The Digital Invoice Customs Exchange (DICE) is a revenue protection idea developed to prevent tax evasion methods such as sales suppression in domestic trade and missing trader fraud, transfer pricing in cross-border trade.
Definition of the term "DICE" is: A technology-intensive tax compliance regimen for VAT/GST that utilizes invoice encryption to safeguard transactional data exchanged between seller and buyer in both domestic and import/export contexts while simultaneously notifying concerned jurisdictions of the transaction details.
Based on the information provided by the seller, system will apply verifiable electronic signature and send it back in the same manner as it was received.
Given the fact that DICE is being used in another jurisdiction (meaning there is an agreement between two jurisdictions to use DICE protocol and exchange digital keys for the purpose of secure communication), the received information will be processed to acknowledge positively that customer is registered in accordance with the applicable Laws, thus the transaction is considered legal.
If customer is not registered in the database of the receiving jurisdiction, invoice will not be completed with valid electronic signature.