Pay-per-use services are increasingly present in Spanish companies, but also among individuals. Their regulation and regulations is sometimes complex since we are talking about international taxation in a interconnected digital world.
Usually, organizations and individuals resort to these types of services on a daily basis to develop economic activities with a strong technological content. But also because the definition of remuneration for this type of service and its consequent tax regime both in terms of income taxation and consumption, represent a challenge of high technical complexity for tax administrations and taxpaying companies, where national regulations coexist. and also tax agreements to avoid double taxation (CDI).
The specific way in which each standard solves it has a high potential impact for companies in today’s world, since it can lead to withholdings in significant sources, which make the price of these services more onerous or less competitive, depending on which side you look ataccording to Garrigues.
GDPR, PCI, Zero Trust. The case of Oracle
In the midst of this new reality, laws, regulations and regulatory trends they remain, and even grow more and more, affecting organizations around the world in a very significant way. GDPR, PCI, ISO27001, Zero Trust… all of them are accumulating in the pending tasks of companies and institutions that, in many cases, have few teams and without adequate preparation to face the risks derived from this complex situation. But Can organizations take advantage of the cloud model despite the regulatory framework to which we are subject? The answer is yes.
When migrating to the cloud, it’s important to look for a provider that lives up to customer obligations. “In highly regulated environments, for example, the public cloud can be a hurdle. For other requirements, it can be a compliance facilitator”, point Oracle sources. Of course, regardless of the scenario, the cloud must be flexible to adapt to customer compliance frameworks, not the other way around. Two customers in the same sector are not the same, not even at the level of regulation.
To meet this challenge, Oracle has its Exada platformthe “cloud in a box”and other co-managed models, such as Exada Cloud@Customer, that is, “my box” in my CPD, but co-managed with Oracle, and OCI, the “everyone’s box” but compartmentalized and secure. On the other hand, managed services such as Autonomous Database or Autonomous Linux “allow to tilt the balance of responsibility towards Oracle”point from the company.
In short, a complete infrastructure and a set of services that comply from the beginning with regulatory compliance “make Oracle a great enabler for the cloud approach.” In the end, “Our clients are highly regulated organizations, from financial entities or the public sector, through fast-growing companies. This reality makes us ready to respond and help you make regulations a business enabler instead of a hindrance. The commitment is to be up to the changes and regulatory updates, and that our clients have infrastructure in accordance with the standard from the beginning “the sources conclude.
