In what ways can the calculation of VAT and other tax-related functionalities be affected during a PHP version upgrade, especially in a shop serving customers from different regions with varying tax requirements?

When upgrading PHP versions, certain functions or methods related to VAT and tax calculations may become deprecated or behave differently due to changes in the language syntax or built-in functions. To ensure accurate tax calculations for customers in different regions with varying tax requirements, it is important to review and update any affected code to align with the new PHP version's standards.

// Example code snippet for updating tax calculation functionality after a PHP version upgrade

// Previous code for calculating VAT
function calculateVAT($amount) {
    $vatRate = 0.20; // 20% VAT rate
    return $amount * $vatRate;
}

// Updated code for calculating VAT using PHP 7.4 arrow functions
$calculateVAT = fn($amount) => $amount * 0.20;