This papercraft is Santa Mask, from the cooperative first-person shooter video game series Payday, the paper model is created by Ivan. The size of finished model is about 270 (H) x 177 (W) x 232 (D) mm.
Added in Patch 3, it is unlocked along with the Last Christmas achievement by finding one of the hidden Christmas presents in multiplayer. For a list of known locations, see Last Christmas. The mask is available for all characters.