Insert rectangle shape with your specific size for your present. 

For better looking tag (label) you can insert another shape like circle, star … on top to do a nice ornament. Don't forget to align horizontally with your rectangle shape.

Unite selected Circle and Rectangle together. This step is important to do final shape for your tag (label). 

Insert Circle shape and place it on top of tag (label for tying tag (label) with a ribbon to a present.

Insert whatever christmas shape you want as bell, tree, snow, star … to have as design of tag (label)

Insert Text and write a name who will receive a present.

Select all shapes you added earlier and align horizontally.

Your tag (label) is done. :-) 

For 300g white paper I used Score + Engrave 55% power|85mm/s speed, Cut 55% power|10mm/s - Air Assist ON due prevent flame and small pieces blow away from laser